MBS Live: MBS Afternoon Market Summary
After closing 2 hours earlier than a normal early close (12pm vs 2pm), bond markets will be completely closed tomorrow due to Hurricane Sandy.  We aren't planning on any scheduled commentary or updates unless unexpected conditions or headlines warrant it. 
MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
FNMA 3.0
104-26 : +0-04
FNMA 3.5
106-14 : +0-02
FNMA 4.0
107-00 : -0-01
FNMA 4.5
107-27 : +0-00
GNMA 3.0
106-07 : +0-03
GNMA 3.5
108-23 : +0-02
GNMA 4.0
109-09 : -0-01
GNMA 4.5
108-21 : +0-00
FHLMC 3.0
104-18 : +0-04
FHLMC 3.5
106-06 : +0-01
FHLMC 4.0
106-20 : +0-01
FHLMC 4.5
106-32 : -0-04
Pricing as of 2:29 PM EST
Afternoon Reprice Alerts and Updates
Below is a recap of instant Reprice Alerts and updates issued via email and text alert to MBS Live subscribers this afternoon.

11:37AM  :  ALERT ISSUED: NY Fed Cancels MBS/Treasury Operations For Tuesday
There will be no agency mortgage-backed securities (MBS) trading on Tuesday, October 30. MBS trading operations are anticipated to resume on Wednesday, October 31.
Live Chat Featured Comments
A recap of the featured comments from the MBS Live Dashboard's Live Chat feature, utilized by hundreds of industry professionals each day.

Matthew Graham  :  "RTRS- U.S. DEPT OF LABOR SAYS IS "OUR INTENTION" TO RELEASE OCT JOBS REPORT ON FRIDAY AS SCHEDULED "
Matthew Graham  :  "Yeah, SIFMA doesn't have a magic button that turns off bond markets and it's not uncommon to see the odd tick or two after the officially recommended time, but it would be odd for any lenders to base any rate sheet changes upon today's MBS prices or any further isolated ticks in MBS"
Michael Gillani  :  "Hey MG-I noticed the 3.0 MBS just ticked up to +4 from +3 even though the bond market and MBS closed at 12. Would the lenders be apt to reprice on further activity in either direction today or tomorrow with after hours trading, or are we waiting until Wed. morning for any re-pricing most likely?"
Rob Clark  :  "REPRICE: 12:19 PM - Stearns Lending Worse"
Matthew Graham  :  "RTRS- US BUREAU OF LABOR STATISTICS SAYS DOES NOT YET KNOW IF OCTOBER JOBS DATA WILL BE DELAYED DUE TO STORM, WILL ASSESS ONCE WEATHER EMERGENCY OVER "
Christopher Stevens  :  "with no MBS trading tmrw what will investors keep rates sheets similar to today?"

Read what our user's have to say about MBS Live on LinkedIn.
» Start a two week free trial of MBS Live.