Scott Green
Home Loan Consultant
Monument Mortgage Group
License:
Company NMLS #2512600
Individual NMLS #155901
Home Loan Consultant
Monument Mortgage Group
License:
Company NMLS # 2512600
Individual NMLS #1493357
MBS & US Treasury Markets
10/15 12:06:23PM EST : Delayed Data

MBS have quickly moved from the highs of the day to the lows with little apparent provocation.  The move is real considering the sympathy in 10yr yields, up from 4.096 to 4.038 in short order.

Some of the jumpier lenders could be considering reprices, but it's a bigger risk for those who just repriced for the better.  Other lenders were generally seeing lower prices during rate sheet print times and are now only down 3 ticks (.09) since then. 

09:54 AM

Slightly stronger overnight and holding gains so far.  MBS up 3 ticks (.09) and 10yr down 2.5bps at 4.003

12:05 PM

MBS now down 1 tick (.03) on the day and 5 ticks (.16) from the highs.  10yr up just under 1bp at 4.037

Scott Green
Home Loan Consultant
Monument Mortgage Group
License:
Company NMLS #2512600
Individual NMLS #155901
Home Loan Consultant
Monument Mortgage Group
License:
Company NMLS # 2512600
Individual NMLS #1493357