April 20th Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed down 9 basis points today at 102.94 having remained above support offered by the 100 day moving average.  MBS bonds lost ground to the 200 day moving average again today.  The 30 year conforming began the day at 4.00%.  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 me at 203-981-8282.