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Negative Reprices Increasingly Likely

Fannie 3.0s and 3.5s are now both down at least a quarter point from the time that some lenders put out the first rate sheets of the day.  Treasury yields are spiking quickly to the highs of the day, up 4.1bps to 2.236. 

Negative reprices are now becoming likely for the earlier and/or more aggressive lenders (those who tend to reprice before others).

MBS / Treasury Market Data

FNMA 3.0
101.23
-0.09
FNMA 3.5
102.59
-0.13
2 YR
1.6190
0.0000
10 YR
1.8240
+0.0030
Pricing as of: 12/9 10:35PM EST
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