March 21st Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed up 25 basis points today at 102.09  having broken through and closed above resistance offered by the 50 day moving average at 102.05. The 30 year conforming rate remained at 4.25% 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.