Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,829
# of Questions Answered
 

Send Article via Email

REGISTERED USERS (Free!):
Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 3 and 2 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
 
This email was sent to you by:
Harry Chriest |
Mortgage News Daily

Message:   YOUR MESSAGE HERE
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

Forward this email:  Send a copy of this story to someone you know that may want to read it.

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.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.21%
  • |
  • 15 Yr FRM 3.32%
  • |
  • Jumbo 30 Year Fixed 4.04%
MBS Prices:
  • 30YR FNMA 4.5 107-29 (0-09)
  • |
  • 30YR FNMA 5.0 110-17 (0-07)
  • |
  • 30YR FNMA 5.5 111-02 (0-06)
Recent Housing Data:
  • Mortgage Apps 2.43%
  • |
  • Refinance Index 4.14%
  • |
  • FHFA Home Price Index 0.67%