August 4th Mortgage Market Wrap-up 7

Mortgage backed securities (MBS) closed up 22 basis points today at 103.97 having broken remained above resistance previously offered by the 25 day moving average and all the other moving averages.  As suggested yesterday close above resistance did give us a nice bump today.  The 30 year conforming remained at 3,50% today for the best applicants. The refinance opportunity is still very much in play.  Whether in Vermont, New Hampshire or Maine or anywhere else in the U.S. it is not too late to refinance!!  Please call at 203-9882.