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Snowball Under It's Own Momentum. More Reprice Risk
Posted to: Micro News
Friday, January 25, 2013 2:54 PM
There continues to be no new news driving rates markets this afternoon. Rather we're simply seeing snowball selling run its course. 10yr yields are at new highs for the day near 1.95 and MBS briefly touched new lows at 103-12 in Fannie 3.0s. Negative reprices continue to be a risk. 2nd and 3rd rounds of negative reprices continue to be a risk for some lenders.
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