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October 21st Mortgage Market Wrap-up and Rates

Armen Hareyan's picture
October 21 Mortgage Rates

Mortgage backed securities (MBS) closed up 12 basis points today at 104.47 having recouped yesterday's losses and remained 25 basis points above support offered by the 200 day moving average.

The result is that interest rates remained in the low range which they have inhabited for the last six sessions. The 30 year conforming rates closed at 3.625% again today.

Also see my previous article where I discuss why mortgage borrowers should lock in these great mortgage rates.

By Jeff Jensen
Mortgage and Lending / Greenwich, CT
Office (203) 981-8282
Mobile (203) 981-8282

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