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Negative Reprice Risk Increasing Now
Posted to: Micro News
Wednesday, June 04, 2014 10:19 AM
What a difference 5 minutes can make. While the initial losses following the ISM data weren't quite enough to justify negative reprice risk, we're another 2 ticks lower since then. Fannie 3.5s are now unchanged on the day, but down 5 ticks from some lenders' rate sheet print times.
Unless we were to bounce here very quickly, negative reprices are possible in some cases, though wouldn't yet be widespread at current levels.
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