November 17th 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) reverted back to their post election swooning today.  MBS bonds closed down 34 basis points today at 103.19.  There was a sizable trading range to day as the 3.50% coupon traded as high as 103.59 and as low as 103.06.  The 30 year remained 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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