November 14th Mortgage Market Wrap-up 7

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

Deja vu all over again  Mortgage backed securities (MBS) closed down another 94 basis points today at 100.16.  The bond can now be found below all the moving averages with the nearest being 277 basis points above.  That equates to another .25 point increase in interest rates in just one day.  The 30 year was at 4.00% today.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S. history tells us it is time to refinance!!  Please call at 203-981-8282.

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