July 26th Mortgage Market Wrap-up 10

Mortgage backed securities (MBS) closed down 3 basis points today at 101.50 having remained below resistance offered 50 days day moving averages and come to rest 22 basis points below it. The 30 year was available at 4.75% 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.