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Negative Reprice Risk Increasing

MBS buyers have left the building for the day--partly due to the reversal in Treasuries and partly for their own reasons (more on that in the Huddle video).

2.0 coupons are down 2 ticks (.06) on the day and as much as a quarter point off the highs of the day.  As such, a few lenders may be considering negative reprices.  The best use of this info, however, is to treat it as a lock cue if you were already planning on locking today and just waiting for a positive reprice.

MBS / Treasury Market Data

UMBS 5.5
98.78
-0.24
UMBS 6.0
100.40
-0.15
UMBS 6.5
101.75
-0.10
2 YR
4.8277
+0.0303
10 YR
4.4223
+0.0454
Pricing as of: 5/17 5:59PM EST
This Mortgage Market Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.