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Negative Reprice Risk Increasing; Fighting for a Bounce at Technical Boundary
Posted to: Micro News
Tuesday, June 03, 2014 10:19 AM

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MBS are only a few ticks lower than reported in the last update, but now we're crossing the threshold of potential negative reprice risk for some lenders.  10yr yields are right on the edge of the 2.57 technical level.  If they don't find support here, it would be a more serious negative comment on the day's momentum. 

10's are currently at the same 2.568 as reported in the last update, but they briefly hit 2.575.  Fannie 3.5s briefly hit 102-10, but are back up to 102-11 at the moment.  Reprice risk is muted for the most part, and could be altogether avoided if we continue to bounce.




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Mortgage Rates:
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  • 15 Yr FRM 3.28%
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  • 30YR FNMA 5.0 110-09 (0-07)
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  • 30YR FNMA 5.5 111-07 (0-01)
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  • Purchase Index -3.78%