July 25th Mortgage Market Wrap-up 8

Mortgage backed securities (MBS) closed down a whopping 34 basis points today at 102.62 having fallen through support offered by the 200 day moving average and closed 15 basis points above it. The 30 year conforming remained at 4.00% today while the 30 year jumbo was at 4.25%.  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 me at 203-981-8282.