Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Visitors Per Month

Send Article via Email

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 6 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:
Anonymous |
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.
Back to New Highs; Positive Reprice Potential for Early Lenders
Posted to: Micro News
Thursday, May 15, 2014 9:59 AM

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

While not all lenders were out with rates yet, the early crowd is already likely to be considering positive reprices (with one already reported) as MBS push into new highs.  This follows initial weakness after the 8:30am data, a big bounce into positive territory, and a moderate correction back to unchanged levels.

After making it back to unchanged, they've improved progressively.  European bond markets continue to be the biggest driver of US bond market positivity though the 9:15am Industrial Production numbers came out much weaker than expected as well.  On a tertiary note, the geopolitical risk situation surrounding Ukraine is also likely playing into bond market strength as Russia says it will not supply gas to Europe as of June 1st if Ukraine doesn't pay for previously acquired fuel. 

MBS are up 11 ticks in Fannie 3.5s to 102-25 and 10yr yields are down 4.2bps to 2.5035.

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 3.63%
  • |
  • 15 Yr FRM 2.92%
  • |
  • Jumbo 30 Year Fixed 3.60%
MBS Prices:
  • 30YR FNMA 4.5 108-29 (-0-01)
  • |
  • 30YR FNMA 5.0 110-24 (-0-01)
  • |
  • 30YR FNMA 5.5 111-30 (0-00)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%