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A Bit More Reprice Risk--Heavily Dependent on Rate Sheet Timing

This is mostly an addendum to the last alert, letting you know we've lost another few ticks, thus bringing a few more lenders into the position of considering negative reprices.

Keep in mind, some lenders will have already taken a majority of today's losses into account with their initial rate sheets.  They are only seeing 3-4 ticks of weakness since rate sheet time--usually not enough for reprices. 

Reprice risk would become a more widespread concern is we lost another 2-3 ticks from here.

MBS / Treasury Market Data

UMBS 6.0
99.43
-0.62
UMBS 6.5
101.30
-0.42
10 YR
4.9860
+0.0952
Pricing as of: 11/10 5:59PM EST
This Mortgage Market Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.