MBS- FNMA 4.5 price: Up to 101-01

10-yr Treasury price: Closed at 100-25

Jobless benefits and tax credit extended:

Under the housing program, people seeking to own a home for the first time in three years would receive an $8,000 tax credit if they sign a contract by April 30 and close on it by June 30. Current homeowners who are buying a new primary residence would be eligible for a $6,500 tax credit starting Dec. 1 if they owned their home for five consecutive years in the previous eight.  Continue reading…