October 24th Mortgage Market Wrap-up 7

Mortgage backed securities (MBS) closed down 9 basis points today at 103.28 having fallen to down to 23 points below resistance offered by the 100 day moving average. The bond's loss were mirrored by moderate gains 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.