April 28th Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed up 9 basis points (bps) today at 102.81 having moved back to within 74 points of resistance offered by the 200 day moving average.  The 30 year conforming began the day at 4.125%.  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.