After regaining basically all of the post auction price losses, we're now back down to post-auction lows. Hopefully we see a range established here that leads us into tomorrow, but if it breaks on the downside, a few additional lenders may consider a reprice for the worse. With the 10yr continuing to fight off the 3.5 level, we still haven't seen any cause for panic yet... Simply alerting you to the possibility of reprices but not the certainty. Previous stances remain. And we'll let you know if MBS prices break the current intraday low, which might cause the level of concern to pick up a bit.
MBS Market Alerts
