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MBS Reluctantly Hit Highs. Limited Reprice Potential Persists
Posted to: Micro News
Wednesday, February 06, 2013 4:13 PM

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10yr Yields are currently making new lows for the day, following the cash close for stock markets. MBS are at, but not through their previous highs of the session. Still, all things considered, it's a much better position to be in than the 5-6 ticks lower prices that prevailed in the early afternoon.

It's technically feasible that additional lenders will reprice positively this afternoon, but not as likely as it would be if these gains were being held at some other time than the final hour of MBS trading. Floating until closer to cut-off makes sense unless the lender in question has demonstrated pipeline control reprice potential in the past.




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Mortgage Rates:
  • 30 Yr FRM 3.95%
  • |
  • 15 Yr FRM 3.13%
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  • Jumbo 30 Year Fixed 3.90%
MBS Prices:
  • 30YR FNMA 4.5 108-09 (0-00)
  • |
  • 30YR FNMA 5.0 110-21 (0-01)
  • |
  • 30YR FNMA 5.5 111-18 (0-00)
Recent Housing Data:
  • Mortgage Apps 11.56%
  • |
  • Refinance Index 23.29%
  • |
  • FHFA Home Price Index 0.67%