Mortgage backed securities (MBS) closed down 3 basis points today at 102.69 having come to rest 33 basis points below the 10 day moving average. The 30 year was available at 4.375% today. The 30 year jumbo was also at 4.375%. 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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