MBS Live: MBS RECAP
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Afternoon Market Updates
A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard.
1:13PM :
ALERT:
Potential Negative Reprices With MBS Near Lows
It's impressive that Fannie 3.5's have held on to 102-20 as long as they have with 10's inching closer to 2.03. With prices near their lows of the day and the cues from Treasuries looking unfriendly, we're starting to get that "reprice risk" feeling. At this point, it's nothing substantial, but enough to consider one of the characteristically early-to-act lenders could pull the trigger if MBS fall any further. Focus seems to be shifting toward next weeks FOMC and bond markets seem to be simply trying to hold out until then.
Featured Market Discussion
A recap of the featured comments from the Live Discussion on the MBS Live Dashboard.
Steve Chizmadia : "Great read MG. That long term chart of the 10's has many small breaks of support and then they're back in range. Hoping the same happens next week and we find ourselves back in the long term trend channel"
Matthew Graham : "broad swath considerations as the week winds down: http://www.mortgagenewsdaily.com/mortgage_rates/blog/244083.aspx"
Ira Selwin : "be careful of lock extension risks as well"
Caroline Roy : "hmmm. got a few that are 45 days out, but i'm trying to lock on app right now to save myself the stress since my due date for baby is in three weeks!"
Matthew Graham : "but I might not be the right person to ask as I would have been locking everything on app all month until yesterday"
Matthew Graham : "it's a tough call right now CR. I'd likely lock some, but might float with the clients that understood the risk and wanted to hold out. bigger risk is 3.5's at 102-00 and 10's over 2.10 from a long term perspective."
Caroline Roy : "MG, thoughts on rates? got a few new originations today. lock, float through weekend?"
MBS Market Alerts
