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Mortgage-backed security prices slipped lower and lower yesterday as the Greek bailout deal settled its way into the minds of investors. Prices dropped nearly a quarter point on the day. The Existing Home Sales report came in lower than expected, giving MBS prices a small boost this morning.

What’s Up on Wall Street?

It was a pretty wild day in the stock market yesterday. Around lunch time yesterday, the Dow Jones Industrial Average hit the 13,000 point mark for the first time since May 2008, but finished the day up 15.82 points (0.71 percent) at 12,965.69. If you’re telling yourself that it doesn’t seem too long ago when the Dow was in the 6,000 point range, you’re right; in March 2009, the Dow closed at 6,547 points, meaning stocks have almost doubled in around three years.

Meanwhile, the Nasdaq Composite slipped 3.21 points (0.11 percent), and the S&P 500 jumped a minimal 0.98 points (0.07 percent).

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