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October 17th Mortgage Market Wrap-up 14

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

Mortgage backed securities closed up 22 basis points today at 96.36 having closed 708 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. 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.