March 24th Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed flat today at 102.03  having once again broken through resistance offered by the 50 day moving average and closed 1 bassis point above it.  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.