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Negative Reprice Risk Increasing

This only applies to lenders who have shown a tendency to pay attention to MBS price movements recently (and that's definitely not all of them these days).  Still, lower prices give everyone less to work with, so negative reprices can't ever be ruled out when we've fallen 3/8ths of a point from morning highs.

2.5 UMBS are down that much intraday, but only down 5 ticks (.16) day over day. 

No specific reason for the weakness other than the Fed is masterfully doing what the MBA and others have been asking them to do. In other words, this is exactly what the industry has been clamoring for in terms of margin calls.  Hopefully any deterioration in pricing today comes back to you as a result of prices holding inside a less insane range. 

MBS / Treasury Market Data

UMBS 5.5
99.48
-0.17
UMBS 6.0
100.94
-0.08
2 YR
4.6221
+0.0541
10 YR
4.2008
+0.0128
Pricing as of: 3/28 2:15PM EST
This Mortgage Market Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.