March 17th Mortgage Market Wrap-up 8

Mortgage backed securities closed up 19 basis points today at 101.66  having gained back all of yesterday's loss. Sometimes, despite all the technical data and analysis skills, it is difficult to predict which way a market will  go on a given day.  The 30 year conforming rate remained at 4.375% again 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 203-981-8282t