Good Monday to all...
Groggy morning for me. THIS got me going though...hahaha so funny!
While many market participants were enjoying time away from desks last week, we anxiously awaited some stability in the secondary mortgage market. Unfortunately, after much wheel spinning, the rubber never met the road and the FN 4.5 and FN 5.0 failed to hold week over week gains. "Rate sheet influential" MBS prices were however able to break into new price handles in brief spurts, allowing mortgage rates to hit two month lows before being pulled higher by the forces of PARNERTIA.
Either way...after all was said and done...we are starting this week in the same place we began last.
Just as PARNERTIA pulled prices lower on Friday, PARNERTIA has the ability to pull prices higher. Check out where we stand at the moment.The FN 4.5 is +0-10...
Given the gains, some lenders may reprice for the better...
MBS Market Alerts
