August 2nd Mortgage Market Wrap-up 7

Mortgage backed securities (MBS) closed down 16 basis points today at 103.66 having fallen down through support offered at the 25 day and 10 day moving  averages prior to bouncing off the 10 day and closing right at that level.   The 30 year conforming remained at 3,50% today for the best applicants. The refinance opportunity is still very much in play.  Whether in Connecticut, Massachusetts or Rhode Island or anywhere else in the U.S. it is not too late to refinance!!  Please call at 203-981-8282