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Day 2: Another 50bp loss

Posted 04-02-2010 at 10:00 AM by dlenski (Daily Mortgage Market Update)
Day 2: Another 50bp loss
4/2/10 Mortgage Backed Securities are minus another 50bp this morning. Day 2 of life without the Fed starts with the same results. MBS are currently down 50bp today after reaching an intraday low of 91bp. This after the government jobs report showed expansion. The bond markets close at 11:00 today in observance of Good Friday. Have a great weekend.

I have listed the average monthly rate for the 30 year fixed rate mortgage for the last 6 years. You will...
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