5.5's are catching a rally, currently at 100-14+, 6 ticks up on the day and above the highs of the day.
Reprices for better are a near certainty from all lenders.
Float club lives on!!
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was a little depressing again for a Friday earlier on in the day...late day rally was great and being able to hold the gains was the best
What can we expect next week in the rmbs's. I couldn't believe that rates didn't drop last week with the 10yr. treasury around 3% yield! I could have locked in a 30 yr. fixed on tues. under 6%(no points) Now, they jumped up slightly above 6. HELP!
Andrew, that is why it is so important to keep your eye on the right ball, mbs not treasuries.
Victor, what is your prediction and did I miss the boat last week?