Mortgage Backed Securities (FNMA 4.5% 30YR) gave up little ground this week shedding only 9bp.  Although you wouldn’t think that if you read all the “Increase in Mortgage Rate” Tweets, in reality Mortgage Rates ended the week where they started.  To view real time rates check my Real Time Mortgage Rates page. The equity markets contributed to the roller coaster ride for MBS (see chart) as the DOW posted great gains this week while having its best two week since 2000.  For the week ahead look for the Treasury Auctions and Economic calendar to influence rates.

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