Mortgage backed securities (MBS) closed up 9 basis points today at 102.00 having remained below resistance offered by the 10, 25 and 50 day moving averages and come to rest 37 basis points below the 10 day. The 30 year was available at 4.125% today. 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.
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