May 18th Mortgage Market Wrap-up 10

Mortgage backed securities (MBS) closed up 34 basis points at  101.26 having remained below resistance offered by the 10 day moving average and closed just 11 points below it.  The 30 year was available at 4.75% day.  Look out for higher rates tomorrow.  The 30 year jumbo for $1 million was at 4.50%.  My jumbo pricing is now sizzling!  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.