While we have seen a lender or two go ahead and pull the negative reprice trigger during past examples of similar market movement, the average lender is no longer at risk. Bonds are quickly bouncing back as Powell's Q&A is being interpreted as far more bond-friendly than the prepared remarks. More to follow on the specifics shortly...
MBS / Treasury Market Data
This Mortgage Market Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.