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Heads-Up: Eighth of a Point Lower, on the Edge of Reprice Risk
Posted to: Micro News
Wednesday, September 11, 2013 10:56 AM
Fannie 4.0s were just down 1/8th of a point (4 ticks) from levels at which some lenders will have taken down initial indications today. It does look like MBS may be putting in a bounce at current levels, and if that continues to be the case, we may well avoid any negative reprice risk.
It's too soon to know that for sure, so this is just a heads up that we're on the edge at the moment and if prices on Fannie 4.0s go any lower than 102-10, negative reprice risk would be increasing. At 102-06, risk would be high.
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