August 16th Mortgage Market Wrap-up 7

Mortgage backed securities (MBS) closed down 9 basis points today at 103.5 having fallen through support offered by the 50 day moving average prior to bouncing back up and landing right on it. We are still hoping for some price improvements in the short run.  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 203-981-82