May 30th Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed up 16 basis points today at 103.22 having moved up to within 5 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained 4.00% today while the 30 year jumbo was available 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 me at 203-981-8282.