December 1st Mortgage Market Wrap-up 7

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Good grief!  Here we go again!! Mortgage backed securities (MBS) closed down 28 basis points today at 102.28 coming to rest a massive 257 basis points below the 200 day moving average.   This is setback came after yesterday's 50 point loss.  The 30 year was at 4.25%  today.  If you have a rate of 5% or more it is still not too late to refinance; especially for those jumbo loans.  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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