December 8th Mortgage Market Wrap-up 9

Mortgage backed securities (MBS) closed down 9 basis points today at 102.78 having remained above support offered by the 10 and 21 day moving averages and fallen below support offered by the50 and 200 day 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.