Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Visitors Per Month

Send Article via Email

Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 4 and 1 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
This email was sent to you by:
Anonymous |
Mortgage News Daily

Email alerts, such as this one, are a free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please register to join our community.
MBS Make It Back Into Positive Territory
Posted to: Micro News
Wednesday, November 14, 2012 10:43 AM

Forward this email:  Send a copy of this story to someone you know that may want to read it.

After opening at the lowest levels in a week, MBS have rallied nicely since about 9:30am, when domestic stock markets open for cash trading. At that time, Fannie 3.0s were trading at 104-21, but have since moved up to 104-31+, a total of 4 ticks higher than yesterday's closing levels. During that same time, S&Ps sold off 10 points and 10yr yields dropped 3bps.

The earlier negativity all occurred BEFORE most lenders generate their first rate sheets of the day, with the ensuing rally taking place both before and after rate sheet time. That makes things a bit uncertain as far as determining the general level of reprice risk as the day progresses and we'd advocated making a note of where Fannie 3.0s were trading when a particular lender released their first rate sheet of the day.

More from MND:


If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


More From MND

Mortgage Rates:
  • 30 Yr FRM 3.67%
  • |
  • 15 Yr FRM 2.95%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
  • 30YR FNMA 4.5 108-28 (0-00)
  • |
  • 30YR FNMA 5.0 110-17 (-0-04)
  • |
  • 30YR FNMA 5.5 111-30 (0-02)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%