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MBS Basics:   Part 1  |  Part 2  |  Part 3  |  Part 4  |  The Gut Flop
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  • MBS UPDATE: Price Update

    by Victor Burek on January 30 2009, 5:53 PM
    Current FNMA Prices Fn 4.5-> +0-08 to 100-23 Fn 5.0-> +0-06 to 101-21 Fn 5.5-> +0-06 to 102-11 Fn 6.0-> 0-00 to 103-01 Risk of reprice for worse appears to have passed. Got reports of 1 lender repricing for worse but they have since given...
  • MBS UPDATE: Price Update

    by Victor Burek on January 30 2009, 3:58 PM
    Current FNMA pricing Fn 4.5-> +0-07 to 100-22 Fn 5.0-> +0-04 to 101-19 Fn 5.5-> +0-04 to 102-09 Fn 6.0-> 0-00 to 103-01 Risk of reprice for worse is unlikely. We had reports of 1 lender repricing for worse at last drop, but they have since...
  • MBS UPDATE: Price Update

    by Victor Burek on January 30 2009, 3:10 PM
    FNMA prices- More reprices for worse possible. Fn 4.5-> +0-03 to 100-18 Fn 5.0-> +0-03 to 101-18 Fn 5.5-> +0-04 to 102-09 Fn 6.0-> -0-01 to 103-00
  • MBS UPDATE : Price Update

    by Victor Burek on January 30 2009, 2:29 PM
    Due to the rapid drop a few minutes ago, some more aggressively priced lenders might do a reprice for the worse. Still at same pricing level as last post.
  • MBS UPDATE: Price Update

    by Victor Burek on January 30 2009, 2:05 PM
    We just had a quick drop at offical close. Fn 4.5-> +0-06 to 100-21 Gn 4.5-> +0-10 to 100-26 Fn 5.0-> +0-06 to 101-21 Gn 5.0-> +0-06 to 101-29 Fn 5.5-> +0-07 to 102-12 Gn 5.5-> +0-06 to 102-14 Fn 6.0-> +0-01 to 103-02 Gn 6.0->...
  • MBS UPDATE: Price Update

    by Victor Burek on January 30 2009, 1:53 PM
    Here is current pricing Fn 4.5-> +0-11 to 100-26 Gn 4.5-> +0-08 to 100-24 Fn 5.0-> +0-13 to 101-28 Gn 5.0-> +0-06 to 101-29 Fn 5.5-> +0-10 to 102-15 Gn 5.5-> +0-09 to 102-17 Fn 6.0-> -0-04 to 102-29 Gn 6.0-> +0-10 to 102-31
  • MBS UPDATE: Better Bids

    by AQ on January 30 2009, 1:26 PM
    Content is coming...Matt is pretty sick this AM so its been a busy morning. You readers have given me plenty of issues to address. Doing my best to get all your perplexities clarified. Bear with me...here is a price update. We are indeed improving. Happy...
  • MBS UPDATE: Price Update

    by AQ on January 30 2009, 10:23 AM
    Sorry for the delay...commentary still in the works here is snap shot Fn 4.5-> +0-06 to 100-21 Gn 4.5-> +0-05 to 100-21 Fn 5.0-> +0-05 to 101-20 Gn 5.0-> +0-03 to 101-26 Fn 5.5-> +0-06 to 102-11 Gn 5.5-> +0-04 to 102-12 Fn 6.0-> ...
  • MBS OPEN: BUY THE DIPS

    by AQ on January 30 2009, 8:33 AM
    SELL THE RIPS AND BUY THE DIPS!!! Fn 4.5-> +0-11 to 100-26 Gn 4.5-> +0-09 to 100-26 Fn 5.0-> +0-08 to 101-23 Gn 5.0-> +0-06 to 101-29 Fn 5.5-> +0-04 to 102-12 Gn 5.5-> +0-05 to 102-13 Fn 6.0-> +0-03 to 103-04 Gn 6.0-> +0-07 to...
  • MBS UPDATE: Fed Purchases $16.8BN

    by AQ on January 29 2009, 3:39 PM
    Price Update...sellers are pushing the low end of the stack into the discount. Cheaper MBS means buying opportunity!!!! Once Negative Convexity takes over thinner coupons will start to look increasingly inexpensive. We aren't losing the faith... Fn...
  • MBS ALERT: Bona Fide Sell Off

    by Matthew Graham on January 29 2009, 3:03 PM
    Even in the 5 minutes from last post, down further still. 4.0's down to 99-07 4.5's to 100-19 5.0's to 101-20 Previous repricers may reprice AGAIN, and those who haven't have more cause.
  • MBS CLOSE: Lows of the day

    by Matthew Graham on January 29 2009, 2:56 PM
    4.0's down to 99-11 4.5's down to 100-22 5.0's down to 101-18 Lowest levels of the day and near the lows of the last time we hit the bottom of this post-fed-buying range. If you haven't seen them already, reprices for the worse become...
  • MBS UPDATE: More Up in Coupon

    by AQ on January 29 2009, 1:19 PM
    MBS Stack Sell Off is Intensifying... Fn 4.0-> -0-16 to 99-14 Fn 4.5-> -0-12 to 100-26 Gn 4.5-> -0-10 to 100-28 Fn 5.0-> -0-08 to 101-24 Gn 5.0-> -0-08 to 101-31 Fn 5.5-> -0-06 to 102-13 Gn 5.5-> -0-06 to 102-15 Fn 6.0-> -0-01...
  • MBS UPDATE: Prices Pre-UST5Y Auction

    by AQ on January 29 2009, 1:00 PM
    CURRENT- Pre 5YR Treasury Auction Fn 4.0-> -0-08 to 99-22 Fn 4.5-> -0-06 to 101-00 Gn 4.5-> -0-06 to 101-01 Fn 5.0-> -0-04 to 101-28 Gn 5.0-> -0-04 to 102-03 Fn 5.5-> -0-03 to 102-16 Gn 5.5-> -0-03 to 102-18 Fn 6.0-> +0-00 to 103...
  • MBS ALERT: Maybe some Reprices

    by AQ on January 29 2009, 12:18 PM
    Prices are falling further....reprice for the worse expected. More to follow
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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.75%
  • |
  • 15 Yr FRM 3.05%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
  • 30YR FNMA 4.5 109-01 (0-01)
  • |
  • 30YR FNMA 5.0 111-06 (0-03)
  • |
  • 30YR FNMA 5.5 112-21 (0-02)
Recent Housing Data:
  • Mortgage Apps -1.26%
  • |
  • Refinance Index -2.94%
  • |
  • Purchase Index 1.88%