|This email was sent to you by:|
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
Edging Up Into Positive Reprice Territory
Posted to: Micro News
Friday, January 10, 2014 11:48 AM
As striking as the gains on the screen may seem, the +19 ticks day-over-day is only now reaching +4 ticks from rate sheet print times, and even then, only for a few earlier lenders.
That puts us right on the doorstep of positive reprice potential for those few lenders, but given the relatively conservative rate sheet offerings, it wouldn't be too surprising to see a "stability reprice" or two if we simply hold current levels.
There's nothing significant behind the incremental gains here, but we would note that 10yr yields seem to be meeting some resistance around 2.88 (currently down 7.8bps on the day at 2.8874). Unless that changes, it could limit MBS's will to push much higher.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.