Mortgage backed securities (MBS) closed up 3 basis points today at 102.28 resting 9 basis points below resistance offered by the 25 day moving average. The 30 year was available at 4.50% day. The 30 year jumbo was also at 4.50%. 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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