January 30th Mortgage Market Wrap-up 9

Mortgage backed securities (MBS) closed down 6 basis points today at 100.97 after having been down as many as 25basis points during the session.  They remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 37 basis points below the 10 day.  The 30 year was available at 4.25% today.  The 30 year jumbo was at 4.375%.  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.