November 30th Mortgage Market Wrap-up 7

Oh boy!  Here we go again!! Mortgage backed securities (MBS) closed down a whopping 50 basis points today at 102.56 becoming a massive 230 basis points below the 200 day moving average.   This is a massive setback after the last two days of gains.  The 30 year was at 4.125% again today.  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 203-981-8282ai