July 13th Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed down 6 basis points today at 102.59 having remained above support offered by the 100 day moving average and closed 3 basis points above it. The 30 year conforming remained at 4.125% today while the 30 year jumbo was available at 4.25%.  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.