March 19th Mortgage Market Wrap-up 10

Mortgage backed securities (MBS) closed down 3 basis today at 102.31 having come to rest 2 basis points below the 25 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.