October 19th Mortgage Market Wrap-up 14

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

Mortgage backed securities closed down 81 basis points today at 9.72 having closed 762 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.

Comments (1)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. The future of mortgage rates seem to be up, up and away! Nee a loan, the time is now! And when the future, if ever, returns to sanity and rates drop, refinance. Problem solved! Enjoy your day. 

Oct 20, 2022 03:27 AM