August 10th Mortgage Market Wrap-up 7

Mortgage backed securities (MBS) closed up 22 basis points today at 103.88passed through and closed above resistance offered by both the 10 and 25 day moving averages after yesterday's bond rollover. The 30 year conforming remained solidly at 3.50% today for the best applicants. The refinance opportunity is still very much in play.  Whether in Roanoke, Richmond or Williamsburg or anywhere else in the U.S. it is not too late to refinance!!  Please call at 203-981-9882!