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February 16th Mortgage Market Wrap-up 8

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

Mortgage backed securities (MBS) closed up 31 basis points today at 102.12 having briefly popped above resistance offered by the 50 day moving average prior to closing just 1 point below it. The 30 year rate was at 4.25% 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 203-981-828203

Sonja Patterson
Keller Williams - BV - College Station, TX
Texas Monthly 5-Star Realtor Recipient for the Hou

Thanks for the update Jeff! Rates are still low--so a great time to purchase!

Feb 16, 2017 03:48 PM