December 15th Mortgage Market Wrap-up 9

Mortgage backed securities (MBS) closed down 6 basis points today at 102.75 having fallen through support  offered by the 50 day moving averages and come to rest just 1 basis point below it. 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