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Well Into Positive Territory; Positive Reprice Potential
Posted to: Micro News
Friday, January 03, 2014 1:04 PM

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As mentioned in the Mid-Day commentary, the positive reprices would be a possibility if the morning bounce continued.  A few positive reprices have already come across from some of the 'early crowd' lenders, but we've gained enough ground now that a broader swath would be justified getting involved.

Naturally, that will be somewhat mitigate by the fact that it's a Friday afternoon.  There could be some hesitation as well ahead of Bernanke's 2:30pm speech.

Fannie 4.0s are now up 5/32nds on the day and a full quarter of a point from some lenders' initial rate sheet print times.  10yr yields are just about to break even on the day at 2.985.




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