August 16th Mortgage Market Wrap-up 11

Mortgage backed securities (MBS) closed down 15 basis points today at 102. having closed 227 points above support offered by the 200 day moving average. The conforming rate is at 375% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. 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.