Posted
As the Dow is moving into postive terrority, it is at the expense of mbs. Currently the 5.5 is at 100-07+ which is still up on the day by 6 ticks but well off the highs.
If you lender was very aggressive with their rates this morning, they may consider a .125 to the worse reprice.
Secondary Marketing Managers and Capital Markets Desks, if you are interested in subscribing to the same fixed income and mortgage market data we use:
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