July 18th Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed up 25 basis points today at 102.94 having broken through resistance offered by the 200 day moving average and closed 7 basis points above it. The 30 year conforming dropped to 4.00% 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 203-981-8282.4