Mortgage backed securities (MBS) closed down 15 basis points today at 102.69 having come to rest 41 basis points below the 10 day moving average. The 30 year was available at 4.375% today. The 30 year jumbo was also 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.
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