By Jeff Jensen
(The Federal Savings Bank/Lending in 50 states)
Mortgage backed securities closed up 6 basis points today at 101.19 having closed 130 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. 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.