August 22nd Mortgage Market Wrap-up 9

Mortgage backed securities (MBS) were down 9 basis points today at 103.22 having come to rest 61 points above support offered by the 200 day moving average. The 30 year conforming remained at 3.875% today.  The 30 year jumbo was 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.