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January 24th 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 down 31 basis points today at 102.41 having fallen below the 25 day moving average once again during the session.  MBS bonds close just 9 points above their low of the day.  The 30 year rate was at 4.375% today.  If you have a rate of 5% or more it is still not too late to refinance; especially for those jumbo loans.  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.