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.
MBS are still in modestly positive territory on the day, but they've been selling gradually since the AM highs in the 8am hour. 5.0 UMBS are now an eighth of a point below those highs. Reprice risk is a trickier subject as some of the weakness happened before most lenders' rate sheet print times.
10yr yields are still down 1bp on the day, but up 3bps from the lows (currently 4.082).
10yr down 3bps at 4.06 and MBS up more than an eighth of a point even before the ADP data. Little-changed since then.
10:02 AM
No major reaction to ISM data. MBS up an eighth and 10yr down 2.2bps at 4.069
10:38 AM
Session lows with MBS down 5 ticks (.16) from AM highs (still up on the day, barely). 10yr down less than 1bp now and up more than 3bps from the lows at 4.084
12:43 PM
bouncing back a bit. MBS up 3 ticks (.09) and 10yr down 2.3bps at 4.068
03:59 PM
MBS up 5 ticks (.16) and 10yr down 3.1bps at 4.06
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.
MBS are still in modestly positive territory on the day, but they've been selling gradually since the AM highs in the 8am hour. 5.0 UMBS are now an eighth of a point below those highs. Reprice risk is a trickier subject as some of the weakness happened before most lenders' rate sheet print times.
10yr yields are still down 1bp on the day, but up 3bps from the lows (currently 4.082).