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Mortgage-backed securities are down this morning, due in part to the continuous low unemployment reports that came in this week. News from Greece suggests that the Hellenic Republic may have trouble implementing a successful recovery plan, leading many to believe that a default on its debt is more likely than ever.

What’s Up on Wall Street?

All of the U.S. markets closed in the red yesterday as concerns about a Greek debt default were tempered by better than predicted jobless and housing start reports. The Dow Jones Industrial average closed down 97.33 points (-0.76 percent). The S&P 500 closed down 7.27 points (-0.54 percent). Finally, the Nasdaq composite closed down 16.00 points (-0.55 percent).

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