CONTACT ME
Negative Reprice Risk Increasing

Fannie 3.5s are down a quick 5 ticks and 10yr yields are spiking moderately, up to 2.308 from 2.28 in short order.  This puts us at risk for negative reprices from the early/aggressive lenders.  Because prices had been relatively stable so far this morning, reprice risk will increase incrementally with each tick lower.

MBS / Treasury Market Data

UMBS 5.5
99.11
+0.39
UMBS 6.0
100.61
+0.22
UMBS 6.5
101.99
+0.18
2 YR
4.6035
-0.1128
10 YR
4.2818
-0.0784
Pricing as of: 7/5 5:59PM EST
This Mortgage Market Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.