Market close

MBS  -4/32 @ 102.16     10 Yr Treasury -6/32 @ 2.525   Dow +95@ 15,509

 

MBS drifted a little lower late in the session as the stock market climbed higher. Today's economic data had little impact. The Treasury will auction $96 billion in 2-yr, 5-yr, and 7-yr securities next week The Dow is up 90 points. Tomorrow, Durable Orders and Consumer Sentiment will be released.

FHFA announced that Fannie/Freddie loan limits will not be reduced for at least six months and any such reduction will occur after a six-month prior notice.