Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
33,877
# of User Comments
 

Send Article via Email

REGISTERED USERS (Free!):
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 7 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:
Harry Chriest |
Mortgage News Daily

Message:   YOUR MESSAGE HERE
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.
Prices Trending Lower, but Still in Positive Territory; Limited Reprice Risk
Posted to: Micro News
Monday, May 19, 2014 12:22 PM

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

This is going out as an alert despite the fact that negative reprices aren't a significant risk based on the gap between current MBS prices and those seen at rate sheet print times.  Even so, at 102-11 currently vs 102-17 at the highs, Fannie 3.5s are 6 ticks off in just over an hour.  10yr yields are up to their highest levels since 8:30am, but still 0.002% lower on the day at 2.518. 

If MBS continue to fall, it would only take another 2/32nds or so before negative reprice risk is more developed.  For now, that's the direction of the trend, and lenders are aware of that.  As such, despite the fact that prices haven't technically fallen enough to justify it, reprices can't be ruled out, though they become more possible if we lose another few ticks.




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 3.96%
  • |
  • 15 Yr FRM 3.16%
  • |
  • Jumbo 30 Year Fixed 3.81%
MBS Prices:
  • 30YR FNMA 4.5 108-20 (0-03)
  • |
  • 30YR FNMA 5.0 110-27 (0-01)
  • |
  • 30YR FNMA 5.5 111-27 (0-02)
Recent Housing Data:
  • Mortgage Apps 4.93%
  • |
  • Refinance Index 0.90%
  • |
  • FHFA Home Price Index 0.67%