|This email was sent to you by:|
Anonymous User |
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
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.
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.