|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
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.
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.