Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
28,899
# of Forum Posts
 

Send Article via Email

REGISTERED USERS (Free!):
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 5 and 7 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:
Harry Chriest |
Mortgage News Daily

Message:   YOUR MESSAGE HERE
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 Back To Highs As Treasury Yields And Stocks Come Off Theirs
Posted to: Micro News
Monday, December 10, 2012 1:26 PM

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

When the range is this narrow, it doesn't take much to move from the lows to the highs. Such is the fate of Fannie 3.0s, which just edged into their best levels of the session at 105-08 after hitting lows roughly 1 hour earlier.

There's been little by way of market-moving news or events to cause the shift, but it does coincide with a broadly connected "risk-off" bounce shared by stocks and Treasuries. S&P's took two stabs at breaking Friday morning's highs and failed on both accounts. 10yr yields shied away from breaking their Friday highs as well. All in all, we're left with the impression that markets have taken the safe route and decided to stay inside Friday ranges in relatively low volume.

Previously growing reprice risk fades from concern at current levels, and "stability" reprices would be more likely. That said, "no reprices" remain the most likely scenario unless MBS add a few more ticks.




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 4.01%
  • |
  • 15 Yr FRM 3.18%
  • |
  • Jumbo 30 Year Fixed 3.90%
MBS Prices:
  • 30YR FNMA 4.5 108-10 (-0-02)
  • |
  • 30YR FNMA 5.0 110-20 (-0-00)
  • |
  • 30YR FNMA 5.5 111-19 (0-01)
Recent Housing Data:
  • Mortgage Apps 11.56%
  • |
  • Refinance Index 23.29%
  • |
  • FHFA Home Price Index 0.67%