MBS Live: MBS Afternoon Market Summary
The day and the week had potential. As far as today was concerned, it was yet another chance to test the incessantly firm resistance that's capped the entire week of gains. Technical resistance was the theme of the entire week, actually making an appearance in the title of Monday morning's Week Ahead: Limited Calendar, But Beware Technical Resistance. While "beware" sounds scarier than it needed to, given the calm movement this week, technical resistance turns out to have been exactly what the week was all about. We're now heading out the door right in line with Monday morning's opening levels, having revisited the same resistance (and support) levels around the 23 and 50 percent retracements seen in the chart below. Pretty tame actually, but we should be breaking the 0 or 100 percent lines no later than week after next, and very possibly sooner if markets decide to take a "lead off" ahead of the big-ticket events beginning May 1st.

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
104-05 : -0-03
FNMA 3.5
106-09 : -0-02
FNMA 4.0
106-31 : +0-01
FNMA 4.5
107-26 : +0-02
GNMA 3.0
105-27 : -0-04
GNMA 3.5
108-21 : -0-02
GNMA 4.0
109-20 : +0-01
GNMA 4.5
109-06 : +0-01
FHLMC 3.0
103-24 : -0-03
FHLMC 3.5
106-01 : -0-02
FHLMC 4.0
106-22 : +0-00
FHLMC 4.5
107-02 : +0-04
Pricing as of 4:03 PM EST
Afternoon Reprice Alerts and Updates
Below is a recap of instant Reprice Alerts and updates issued via email and text alert to MBS Live subscribers this afternoon.
No Reprice Alerts or Updates Available
Learn More about Reprice Alerts and Updates on MBS Live
Live Chat Featured Comments
A recap of the featured comments from the MBS Live Dashboard's Live Chat feature, utilized by hundreds of industry professionals each day.
Jason York  :  "MIke, if FHA incurred a loss, then they would would have to wait 3 years from the time FHA incurred the loss"
Mike Drews  :  "anyone successful getting an FHA loan approved after short selling on an FHA loan?"
Curt Sandfort  :  "re USDA: if you are using point and have it coded as a USDA, just put in 2% and it will calculate "pi" for you."
Jason York  :  "the way they figure out the number is kind of backwards, so that number is easier to use "
Ted Rood  :  "That's certainly a logical number. Why didn't they just use pi?"
Jason York  :  "2.040817% up front, and .4 monthly"
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