July 27th Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed down 28 basis points today at 103.00 having fallen through and closed 6 basis points below support 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%.  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.