Senior Loan Officer
Mortgage Company, LLC.
License:
NMLS: #987654321
MBS & US Treasury Markets
3/12 11:16:59AM EST : Delayed Data
A message from Matthew M. Loan:

This is a DEMO marketing message. You can use them for promotional text. Mortgage rates are moving back down so feel free to give me a call or visit my website and I'll give you a quote.

After more headlines regarding mines in the Strait of Hormuz as well as the closure of the Strait, bonds are selling off a bit more.  The move is led by the short end with Fed Funds Futures for June breaking to their weakest (least likely to cut) levels in about a year.

MBS are down almost a quarter point with at least half of that seen in the past 20 minutes. Almost any lender could justify a negative reprice now.  Those who priced super early (closer to 9am ET) are the most at-risk. 

08:30 AM

Roughly unchanged overnight. No reaction to econ data. MBS up 1 tick (.03) and 10yr down half a bp at 4.223

A message from Matthew M. Loan:

This is a DEMO marketing message. You can use them for promotional text. Mortgage rates are moving back down so feel free to give me a call or visit my website and I'll give you a quote.

Senior Loan Officer
Mortgage Company, LLC.
License:
NMLS: #987654321