Fannie 3.0 MBS are down another 2 ticks from the time of the previous alert and seem to be less than eager to bounce back in a more friendly direction. A few of the aforementioned "early" lenders have already repriced and now we're at risk of seeing reprices from a more diverse group of lenders. It would take a bit more weakness before negative reprice risk became widespread (affecting the lenders that don't typically reprice for 5-7/32nds of movement).
MBS / Treasury Market Data
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