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MBS Quickly Retreat to Lows; Negative Reprice Risk
Posted to: Micro News
Wednesday, January 22, 2014 12:07 PM

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Bond markets have taken a very quick turn for the worse since 11:30am.  While still technically inside the day's range for MBS, prices are back to the lows at 103-27.  This is 5 ticks off the rate sheet print time for some lenders and technically enough of a loss for negative reprices to be a risk. 

10yr yields are at domestic session highs of 2.845, but have yet to break overnight support at 2.856.  Reprices aren't a certainty, but a good possibility for several lenders.




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Mortgage Rates:
  • 30 Yr FRM 4.23%
  • |
  • 15 Yr FRM 3.38%
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  • Jumbo 30 Year Fixed 4.08%
MBS Prices:
  • 30YR FNMA 4.5 107-14 (0-00)
  • |
  • 30YR FNMA 5.0 109-31 (0-02)
  • |
  • 30YR FNMA 5.5 111-06 (-0-01)
Recent Housing Data:
  • Mortgage Apps -7.23%
  • |
  • Refinance Index -10.65%
  • |
  • FHFA Home Price Index 0.67%