October 21st Mortgage Market Wrap-up 7

Mortgage backed securities (MBS) closed up 9 basis points today at 103.38 having having risen to within 12 points of resistance offered by the 100 day moving average. The bonds moderate gains were mirrored by similar losses for stocks.The 30 year remained at 3.50% during today's trading.  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 at 203-981-8282.