April 5th Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed up 6 basis points today at 102.62 having remained above support offered by the 100 day moving average.  The bond, which was down 22 basis points during the day, made a nice comeback.  Only the 200 day moving average remains above 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.