Although nothing too troubling happened today, it's hard to find anything glaringly positive.  For instance, even though we have some decent gains on the screen, they merely bring Treasuries back into a more linear trend toward higher rights (as opposed to the increasingly aggressive move suggested by last week's yields).  

MBS never experienced quite the same sort of range breakout but they also have the roll to content with next week.  All that means for the current discussion is that the MBS chart wouldn't tell quite the same story as the Treasury chart below and there's no perfect way to adjust it for that purpose.

Pending Home Sales came in much weaker than expected with the lowest initial print in over a year.  Despite that, most headlines point out moderate improvements because the last report was revised down just below the current report.  

10yr tsy trend channel

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
95-08 : +0-10
FNMA 3.5
99-19 : +0-11
FNMA 4.0
103-05 : +0-09
2 YR
0.3834 : -0.0116
10 YR
2.9721 : -0.0339
30 YR
3.9030 : -0.0420
Pricing as of 12/30/13 4:49PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
11:33AM  :  Positive Reprice Potential Beginning to Increase for a Few Lenders
10:06AM  :  ECON: Pending Home Sales Weaker Than Expected
9:25AM  :  Moderately Higher in Light Holiday Volume

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Ted Rood  :  "You COULD be fine, at least as long as the loan isn't audited via either the random or discretionary audit process."
Ted Rood  :  "Regarding Fannie Mae not requiring TRV's on Fannie Direct loans:"
Matthew Graham  :  "early close"
Victor Burek  :  "is tomorrow a full day?"
Matthew Graham  :  "4.625"
Andy Pada, Jr.  :  "what is best ex on 30 YR right now?"
Hugh W. Page  :  "I would think QM/ATR will cause lenders to be more likely to pull transcripts than not don't you think?"
Andy Pada, Jr.  :  "we saw lenders drop the tax transcript during the shutdown for practical reasons, will we see the same to expand market share in this type of environment?"
amit gandhi  :  "thoughts of positive RP today? :) "