|This email was sent to you by:|
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
Back To AM Lows. Negative Reprice Risk Slightly Increased
Posted to: Micro News
Thursday, January 17, 2013 11:58 AM
Fannie 3.0s are back to 104-04, mathcing their lows of the morning. There hasn't been a ton of similar movement suggested by Treasuries, which are instead just traipsing sideways near their highs of the day.
But the move in MBS is a more directional mini-selling-spree from the 104-08 territory during rate sheet print times. It's not necessarily enough movement for most lenders (who already priced conservatively), to add a negative reprice on top of that, but it hasn't shown much desire to bounce back to higher prices.
if we hold here, it's possible we could see an outlying reprice. It would probably take a few ticks of additional weakness to get more than 1 or 2 lenders on board with such things though.
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.