Drew Stiegemeier
Mortgage Banker
Frontier Mortgage
P: (636) 898-0888
M: (618) 779-7507
frontierhomemortgage.com/drew
License:
1406168
MBS & US Treasury Markets
UMBS 5.0
97.82 +0.03
GNMA 5.0
98.21 +0.03
UMBS-15 5.0
100.26 +0.04
10 YR TREAS
4.549 -0.003
30 YR TREAS
5.058 +0.004
7/8 2:54:52AM EST : Delayed Data
30YR UMBS 5.0 30YR GNMA 5.0 15YR UMBS 5.0 10 Year Treasury 30 Year Treasury
Reprice Risk Increasing After Oil-Related Headlines
Tue, Jul 7 2026, 2:57 PM

*US IS REVOKING IRAN-RELATED GENERAL LICENSE TO EXPORT OIL

*IRAN'S ACTIONS IN STRAIT OF HORMUZ WHOLLY UNACCEPTABLE: OFFICIAL

Following these newswires, oil prices went even higher and bond yields have been highly correlated today. 10yr yields are now up 6bps at 4.531. MBS are down 3/8ths on the day and a quarter point from many lenders' rate sheet print times. 

Negative reprices are now a stronger possibility compared to earlier in the day. 

Alert:
Lows of The Day, Minor Early Reprice Risk
MBS Morning:
Modest Pressure, Light Data
Drew Stiegemeier
Mortgage Banker
Frontier Mortgage
P: (636) 898-0888
M: (618) 779-7507
frontierhomemortgage.com/drew
License:
1406168
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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.