Mortgage backed securities (MBS) closed down 3 basis points today at 101.94 having remained above support offered by the 10, 25 and 50 day moving averages and come to rest 7 basis points below the 100 day average. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was 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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