MBS Alert: Reprice Risk Increasing After Oil-Related Headlines

NCM Team: Wendy, Paul & Shelley

Mortgage Advisors

Nevada County Mortgage

P: (530) 274-0916

nevadacountymortgage.com

Nevada County Mortgage

140 Litton Dr
Ste 208
Grass Valley CA 95945

License:

NMLS: 254913, 254875 & 270488

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Reprice Risk Increasing After Oil-Related Headlines

3 Hours, 23 Min ago

*US IS REVOKING IRAN-RELATED GENERAL LICENSE TO EXPORT OIL

*IRAN'S ACTIONS IN STRAIT OF HORMUZ WHOLLY UNACCEPTABLE: OFFICIAL

Following these newswires, oil prices went even higher and bond yields have been highly correlated today. 10yr yields are now up 6bps at 4.531. MBS are down 3/8ths on the day and a quarter point from many lenders' rate sheet print times.

Negative reprices are now a stronger possibility compared to earlier in the day.

More MBS and Treasury Markets

MBS Recap:

Hormuz Back in The News - Today, 7:18 PM

MBS Alert:

Lows of The Day, Minor Early Reprice Risk - Today, 2:05 PM

MBS Morning:

Modest Pressure, Light Data - Today, 1:46 PM

MBS Recap:

Uneventful Summertime Monday - Mon, 8:03 PM

MBS Morning:

Steady Start; No Drama From ISM Data - Mon, 2:19 PM

NCM Team: Wendy, Paul & Shelley

Mortgage Advisors

Nevada County Mortgage

P: (530) 274-0916

nevadacountymortgage.com

Nevada County Mortgage

140 Litton Dr
Ste 208
Grass Valley CA 95945

License:

NMLS: 254913, 254875 & 270488

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Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.