October 20th Mortgage Market Wrap-up 9

Mortgage backed securities (MBS) closed down 25 baiss points today at 102.66 having finished the day 7 basis points below resistance offered by the 200 day moving average and once again falling below all the moving averages. The 30 year was available at 4.00% 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.