October 19th Mortgage Market Wrap-up 14

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.