Mortgage backed securities (MBS) closed down 19 basis points today at 102.25 having finished the day 47basis points below resistance offered by the 200 day moving average The 30 year was available at 4.125% 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.
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