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Bond Markets Slipping A Bit Levels As Session Winds Down
Posted to: Micro News
Friday, December 21, 2012 3:44 PM
Heads up for those on the fence with respect to locking or floating (with a 'quicker-to-reprice' lender) over the weekend: MBS just hit their lowest levels since bouncing at 104-19 during the Boehner/Cantor press conference just after 10am. We're not talking about big swings here as Fannie 3.0s are only down to 104-20, but for a small group of lenders, this adds marginally to reprice risk heading into the long weekend.
We wouldn't expect to see many lenders lenders consider repricing unless prices fell below 104-19.
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