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Additional weakness overnight amid ongoing oil surge. MBS down an eighth and 10yr up almost 3bps at 4.164
post payrolls, 10yr yields down 1.5bps at 4.121 and MBS up 2 ticks (.06).
Big reversal into weaker territory. MBS down 6 ticks (.19) and 10yr up 4bps at 4.176
Nice recovery with MBS down only 1 tick (.03) and 10yr down 0.3bps at 4.133
Best levels of the day. MBS up 2 ticks (.06) and 10yr down 2.3bps at 4.113
Off the best levels now with MBS down 2 ticks (.06) on the day and just over an eighth from the highs. 10yr roughly unchanged at 4.138
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We don't post updates to let you know when MBS are improving--only when there's negative reprice risk.
As such, this alert needs some context, because there was a nice recovery in mid-day hours that got MBS all the way back into positive territory. If you DID NOT see a positive reprice today, you're at no risk of a negative reprice now (as long as your lender is remotely logical).
What's important is that MBS are now down just over an eighth of a point from the mid-day highs. Lenders who repriced for the better during those highs are now at some risk of considering reprices. At present, it would only be the jumpier lenders. Either way, if you were planning on locking today and have already seen a reprice for the better, there's no reason to wait.