Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,270
# of Questions
 

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 6 and 5 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.
Positive Reprice Potential Increasing MBS Hit New Highs
Posted to: Micro News
Tuesday, January 22, 2013 11:53 AM

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

MBS have edged up within a tick of Friday afternoon's highs. Treasuries have led the breakout of the morning's narrow range, themselves challenging Friday's lowest yields. The current move is technical and tradeflow-based--not shared by equities markets. Fannie 3.0s are currently up 3 ticks at 104-07 and 10yr yields are down half a bp on the day at 1.8346.

There's clearcut technical resistance here from the longer term uptrend in rates as well as 2-session highs in MBS. If 10y yields were to break much lower, we could see some sort of mini-snowball of follow through. Holding these gains for now though. If MBS continue to hold or improve upon these levels, the "early crowd" may be in for a positive reprice fairly soon, but nothing on the scale that would get a majority of lenders onboard (the total range on the day is still under .25).




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 4.43%
  • |
  • 15 Yr FRM 3.49%
  • |
  • Jumbo 30 Year Fixed 4.21%
MBS Prices:
  • 30YR FNMA 4.5 106-29 (-0-01)
  • |
  • 30YR FNMA 5.0 109-04 (-0-03)
  • |
  • 30YR FNMA 5.5 110-12 (-0-01)
Recent Housing Data:
  • Mortgage Apps -3.31%
  • |
  • Refinance Index -3.75%
  • |
  • FHFA Home Price Index 0.67%