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MBS Catch Up To The Rally (Somewhat), Positive Reprices
Posted to: Micro News
Friday, February 22, 2013 12:15 PM
We've seen a few positive reprices come across as Fannie 3.0s finally get with the program in terms of catching up to yesterday's better levels at 103-00. Treasuries were already back at theirs (1.96) and may already be experiencing some technical resistance to further improvements.
As such, we can't necessarily expect the rally to continue, but for now, making it back to 103-00 has been enough of a move for a few lenders and others may be considering reprices as well. It would take another 2-3 ticks to get a majority on board, however.
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