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Already Approaching Negative Reprice Territory For Some Lenders

Many lenders aren't even out with rate sheets yet, so naturally, this alert won't apply to them.  Other lenders put out rates right as MBS were making their highs of the morning--or close to it.  Lenders in that category could already be considering negative reprices as Fannie 3.0s and 3.5s are both down at least 5/32nds since then.

10yr yields are also up to their session highs as a fairly large wave of corporate debt issuance is hitting the newswires.  (More on how corporate issuance affects rates HERE).

MBS / Treasury Market Data

UMBS 5.5
97.46
+0.15
UMBS 6.0
99.43
+0.14
UMBS 6.5
101.19
+0.10
2 YR
4.9686
-0.0208
10 YR
4.5837
-0.0428
Pricing as of: 4/19 8:29AM EST
This Mortgage Market Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.