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Negative Reprice Risk Increasing

MBS buyers have left the building for the day--partly due to the reversal in Treasuries and partly for their own reasons (more on that in the Huddle video).

2.0 coupons are down 2 ticks (.06) on the day and as much as a quarter point off the highs of the day.  As such, a few lenders may be considering negative reprices.  The best use of this info, however, is to treat it as a lock cue if you were already planning on locking today and just waiting for a positive reprice.

MBS / Treasury Market Data

UMBS 5.5
97.50
+0.42
UMBS 6.0
99.46
+0.40
UMBS 6.5
101.08
+0.34
2 YR
4.9602
-0.0811
10 YR
4.6345
-0.0484
Pricing as of: 5/1 5:04PM EST
This Mortgage Market Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.