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Auguust 12th Mortgage Market Wrap-up 7

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Mortgage backed securities (MBS) closed up 12 basis points today at 103.75 having gained back more than half yesterday's losses and passed through resistance offered by the 25 day moving average and closed right at the 10 day moving average. We are still looking for some pricing improvement over the coming weeks.  The 30 year conforming remained solidly at 3.50% today for the best applicants.  Whether in New Haven, New Britain or New London or anywhere else in the U.S. it is not too late to refinance!!  Please call at 203-981-828

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