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Negative Reprice Risk Increasing

At this point, even lenders who priced during the first wave of selling momentum (earlier this morning) are potentially considering negative reprices.  Bonds are well into their worst levels of the sell-off, with 10yr yields up to 2.388 and Fannie 3.5s down nearly half a point at 102-15.

As always, keep an eye on rate sheet print times before assuming a reprice alert applies to your particular lender.  Not every lender is out yet.  

MBS / Treasury Market Data

UMBS 5.5
98.34
+0.05
UMBS 6.0
100.05
-0.03
UMBS 6.5
101.50
-0.09
2 YR
4.8251
-0.0033
10 YR
4.4814
-0.0045
Pricing as of: 5/7 12:28AM EST
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