Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
2,000,000
# of Visitors Per Month
 

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 2 and 4 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 Lows After More Cliff Headlines
Posted to: Micro News
Monday, December 31, 2012 10:10 AM

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

Bond markets continue to follow stocks and stocks continue to follow Fiscal Cliff headlines. The most recent headlines from Bloomberg indicate that Senate Majority leader Reid is "hopeful" for a Fiscal Cliff deal today.

10yr yields hit their highs of the morning at 1.7426 and MBS hit their lows with Fannie 3.0s returning to 104-21 before bouncing back to 104-24.

Today will be an important one to "know thy lender," as reprice likelihoods are just as much an exercise is psychoanalysis as they are about observing MBS price movements. Based purely on MBS prices, we're probably not at much risk for the few lenders who are out with rates already, but some lenders switch to a defensive stance and reprice negatively simply on volatility and trends.




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 4.13%
  • |
  • 15 Yr FRM 3.30%
  • |
  • Jumbo 30 Year Fixed 4.00%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps -7.23%
  • |
  • Refinance Index -10.65%
  • |
  • FHFA Home Price Index 0.67%