John Knowles - MBS Summary

Bonds started the day in stronger territory but have been selling since 9:30am. Trading levels are right in line with Friday afternoon's lows, but MBS are down 6 ticks (.19) from this morning's highs. The jumpiest lenders could be considering a negative reprice if they released rates before 10am.

10yr yields are up 2bps at 4.552.

MBS Morning:

Traders Cautiously Buying The Dip

MBS Morning:

Job Market Says "I'm Not Dead Yet." Bond Market Doesn't Love It

09:13 AM

Sideways to slightly stronger. MBS up 1 tick (.03) and 10yr down half a bp at 4.528

10:40 AM

10yr yields are up 2bps at 4.552 and MBS down 5 ticks (.16).

03:27 PM

MBS down an eighth and 10yr up 2.3bps at 4.555.

John Knowles

Mortgage Banker & Broker

DCI Mortgage

P: (408) 657-3780

M: (408) 657-3780

www.dcimortgage.com

4100 Moorpark Ave ste 122
San Jose California 95117

License:

257332

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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.