Posted
The MBS market is still a few ticks off yesterdays 3pm levels (see chart), nonetheless the current bid should be viewed as an acceptable recovery
FN 5.0: +15/32 at 100-27
FN 5.5: +13/32 at 101-25
Chart is from 10 min ago...5.0 is 2 ticks higher from when I pulled chart.
Red is reprice zone for more aggressive lenders.
Yellow is mid morning rate sheet distributions.
Green is reprice zone for early morning price setters.
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