Mortgage backed securities (MBS) closed down 22 basis points today at 102.44 having come to rest exactly 31 basis points below resistance offered by the 200 day moving average and once again 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.
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