November 28th Mortgage Market Wrap-up 10

Mortgage backed securities (MBS) closed up 10 basis points today at 100.41 having remained above support offered by the 100 day moving average and closed 18 points above it.  The conforming rate is at 4.875% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%.  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.