MBS Live: MBS Afternoon Market Summary
Bond markets opened in slightly stronger territory and were able to generally confirm the improvement with the help of weaker-than-expected ADP Private Payrolls.  Rather than move directionally from there, Treasuries and MBS set about finding the limits of the days trading range and never moved outside the extremes.  10yr yields saw more volatility today than than MBS, moving between 1.90 and 1.94% while Fannie 3.5 MBS cut a 103-25 to 103-30 range.  The difference is that MBS held that narrow range all day long while Treasuries began the day trading almost exclusively under 1.92 and ended the day trading almost exclusively above it.  When all was said and done, the title of this morning's one and only alert ended up defining the entire day: "Bond Markets Convincingly Sideways Despite Bullish Cues."
MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
FNMA 3.5
103-28 : +0-05
FNMA 4.0
105-27 : +0-04
FNMA 4.5
107-05 : +0-03
FNMA 5.0
108-23 : +0-03
GNMA 3.5
105-12 : +0-04
GNMA 4.0
108-10 : +0-04
GNMA 4.5
109-15 : +0-02
GNMA 5.0
110-28 : -0-01
FHLMC 3.5
103-21 : +0-05
FHLMC 4.0
105-18 : +0-04
FHLMC 4.5
106-22 : +0-02
FHLMC 5.0
108-05 : +0-02
Pricing as of 4:07 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.
Ira Selwin  :  "Freddie Mac: http://www.freddiemac.com/sell/factsheets/ltv_tltv.htm"
Raj Rajpal  :  "Max LTV based on county and credit score can go up to 70% on investment property"
Ira Selwin  :  "Fannie Mae (page 9): https://www.efanniemae.com/sf/refmaterials/eligibility/pdf/eligibilitymatrix.pdf"
Kunal Khanna  :  "Anyone know what the maximum cash out LTV on an Investment property condo would normally be - Conforming loan limit...Purchase price is $228,000.00.. Cleints paid for it in cash and are looking for cash out"
Andy Pada : VB, if tomorow ends up being bad for rates, are you locking in or are you waiting until Friday?
Matt Hodges : yesterday and today - heavy lock days
Victor Burek : not worried about tomorrow, but you always got to worry about nfp
Andy Pada : thinking about locking in as well
Matt Hodges : going conservative
Andy Pada : So what is everyone doing before tomorrow's and Friday's numbers?
Brett Boyke : if anyone else wants it, it was sent to me today
Brett Boyke : http://joinfpf.com/wp-content/uploads/2012/03/HARP-flyer-1.pdf
Berton McLain : Might have to sign a letter of intent stating they will keep the property for the forseeable future. I have seen that before.
Matt Sullivan : I like that Mike
Mike Drews : 1 day off
Matt Sullivan : another HARP question...just had a borrower who does qualify and received a PIW....called him to tell him the good news and he told me that he just took the house off the market on Monday....I havent seen any guidelines on homes recently listed for sale...anyone have any info?
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