MBS CLOSE: Ticked Up A Bit After Hours

re: MBS CLOSE: Ticked Up A Bit After Hours

Adam Quinones — Fri, 03 Jul 2009 19:29:08 GMT

S&P looks poised for test of 888....if equities break support we might benefit from healthy "down in coupon" MBS rally

re: MBS CLOSE: Ticked Up A Bit After Hours

Gary Powell — Fri, 03 Jul 2009 12:52:54 GMT

MBS and the 10 YR. TYS are going to have to re-connect at some point if it keeps falling like it has been and the spread will tighten. It may take the rest of the summer to happen though. I, like a lot of LO's have a lot of refi customers in a holding pattern waiting for that to happen. The purchase customers are just all holding their breath and I have most floating to close and a 5 day lock as we see some small improvements in the short term. I have my mouse hovering over the lock button on them though, and a close eye on hourly MBS quotes.

re: MBS CLOSE: Ticked Up A Bit After Hours

Clifford Hufnagle — Thu, 02 Jul 2009 23:13:02 GMT

I'll be happy with a 5.0 sometime Monday. Not asking for too much, right?

re: MBS CLOSE: Ticked Up A Bit After Hours

Craig LaBruno — Thu, 02 Jul 2009 22:48:44 GMT

Your telling me. I'm starting to think that we're never gonna see 4.75% again regardless of what happens on the Street.

re: MBS CLOSE: Ticked Up A Bit After Hours

J. 'Hammer' Helmer — Thu, 02 Jul 2009 21:58:33 GMT

Vacation..................ahhhhhhhh