|This email was sent to you by:|
Harry Chriest |
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
Negative Reprices Incrementally More Likely as MBS Push to New Lows
Posted to: Micro News
Wednesday, March 19, 2014 1:28 PM
Momentum continues to be negative for bond markets leading up to the FOMC announcement. There is no overt cause and effect with these moves--just tradeflows snowballing in fairly low volume.
Fannie 4.0s are now down 6 ticks on the day, with at least 5 of those arriving after many lenders' initial rate sheets. That creates moderate negative reprice risk across the board. It would take more weakness before reprices become widespread, but at current levels, we'll likely see a few.
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.