Mortgage backed securities (MBS) market closed up 56 basis points today at 102.50 having closed 221 points above support offered by the 200 day moving average. The conforming rate is at 3.25% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. 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.
Please note that due to lower rates we are now following the 2.50% coupon bond.
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