By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Mortgage backed securities closed up 25 basis points today at 99.97 having closed 111 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. 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.