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August 10th Mortgage Market Wrap-up 10
Mortgage backed securities (MBS) closed up 19 basis points today at 101.78 having remained above support offered by the 50 day moving averages and come to rest 6 basis points above it. The 30 year was available at 4.625% day. My jumbo pricing is now. sizzling! The 30 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.
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