August 3rd Mortgage Market Wrap-up 7

Mortgage backed securities (MBS) closed up 9 basis points today at 103.78 having broken thourhg and closed above resistance previously offered by the 25 day moving average now three points below.  This could bode well for tomorrow's session   The 30 year conforming remained at 3,50% today for the best applicants. The refinance opportunity is still very much in play.  Whether in Idaho, Utah or Kansass or anywhere else in the U.S. it is not too late to refinance!!  Please call at 203-981-8282