|This email was sent to you by:|
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 Reprice Risk Increasing Slightly as MBS Push Lows
Posted to: Micro News
Wednesday, August 6, 2014 11:03 AM
While we're not technically breaking into new lows yet, MBS and Treasuries have increasingly spent time toeing the line of the day's weakest levels. Stock continue making gains and EU bond markets continue holding ground.
Fannie 3.5s are still up 3 ticks on the day, but down 4 ticks (.125) from the time some lenders marked MBS prices for rate sheets. The next tick or two of weakness would increase the chances of a lender or two repricing. It's an outside possibility already.
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.