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Will the Federal Reserve Exit from the Agency MBS Market as Planned?

Created By: Adam Quinones
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MBS ALERT: Lows of the Day. Reprices for Worse Possible
by Adam Quinones
Posted
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Although not far removed from the tight range that has held all day, the FN 4.5 is at session lows. Considering it's a Friday and many lock desks are enjoying holiday work parties (or holiday work party hang overs)...I would be issuing a reprice for the worse just to avoid having to do extra work.

REPRICES FOR THE WORSE ARE POSSIBLE

UPDATED AT 1:05PM

ITS GOTTEN WORSE!


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Terry Colabrese  |  Contact or Connect with this Member
on
Of course they will get worse today! It's Friday, and I only needed till Monday to get to where I needed to be to lock for a purchase! Isn't that the way it always works?
Adam Quinones  |  Contact or Connect with this Member
on
just saw first one...this will make you laugh: http://www.huffingtonpost.com/2009/12/17/watch-wielding-gavel-fran_n_396267.html
Bones 322  |  Contact or Connect with this Member
on
With such a huge rally yesterday some guys may be taking in extra profits. Stocks are mostly flat while mortgages are selling off.
Adam Quinones  |  Contact or Connect with this Member
on
there's another one...
Terry Colabrese  |  Contact or Connect with this Member
on
AQ, Nyuk, Nyuk, Nyuk on the Huffington Post. How many more minutes did they take up with McCain, versus just allowing Lieberman to have finished out? What a joke! No wonder anyone with any strength of character or integrity does not want to run ofr political office any more?
Adam Quinones  |  Contact or Connect with this Member
on
yeh...its like playing for Al Davis...no one wants to work for an owner whose lost his mind!
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