Mortgage backed securities (MBS) market closed up 4 basis points today at 100.41 having closed 95 points above support offered by the 200 day moving average. The conforming rate is at 3.125% 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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