April 3rd Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed up 38 basis points today at 102.69 having remained above support offered by the 100 day moving average.  Now only the 200 day moving average remains as resistance.  The 30 year conforming rate remained at 4.125% 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.