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Positive Reprice Potential Increasing as MBS Add to Gains
Posted to: Micro News
Wednesday, March 12, 2014 1:29 PM
The post-auction positivity saw a small amount of follow-through. This normally wouldn't be cause for another update, but in this case it brings MBS to levels that are 4 ticks higher than some lenders' initial rate sheet print times.
As such, we are probably right on the edge of positive reprice potential for a few lenders. For those that might reprice, most will probably hold off a while longer to make sure gains are being held. The majority will likely need to see another 2-3 ticks of improvement before considering reprices.
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