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Positive Reprice Potential as MBS Hit Higher Highs
Posted to: Micro News
Tuesday, January 7, 2014 12:13 PM
Fannie 4.0s just crossed above the 1/8th of a point mark in terms of improvement from this morning's early rate sheet print times. In other words, while prices are up 7 ticks in total on the day, 5 of those have come since 9:30am. This introduces positive reprice potential for a few lenders. Fannie 4.0s are currently at 103-15.
10yr yields are now down 2bps to 2.943, their lowest levels of the day/week/month.
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