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
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