October 2nd Mortgage Market Wrap-up 10

Mortgage backed securities (MBS) closed up 9basis point at today at 100.97 having remained above support offered by the 10 day moving average and closed 9 points above  it.  The conforming rate is at 4.75% day. My jumbo pricing is now. sizzling! The 3.0 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