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Additional Reprice Considerations as MBS Lose a Bit More Ground

MBS have lost a few more ticks from the time of the last update. Treasury yields are slightly higher as well. Definitely not a full-blown sell-off, but a clear negative trend into the afternoon.

This still isn't enough weakness for the average lender to consider negative reprices, but it does decrease the odds of positive reprices (in case you were waiting for one).  

Negative reprices, while not likely, are an outside possibility for a few of the jumpier, more aggressive lenders.  

MBS / Treasury Market Data

UMBS 5.5
98.72
+0.25
UMBS 6.0
100.39
+0.19
UMBS 6.5
101.81
+0.11
2 YR
4.7163
-0.0249
10 YR
4.3602
-0.0724
Pricing as of: 7/3 5:59PM EST
This Mortgage Market Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.