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
98.18 -0.81
GNMA 5.0
98.66 -0.72
UMBS-15 5.0
100.30 -0.37
10 YR TREAS
4.382 +0.133
30 YR TREAS
4.941 +0.104
3/20 10:53:31AM EST : Delayed Data
30YR UMBS 5.0 30YR GNMA 5.0 15YR UMBS 5.0 10 Year Treasury 30 Year Treasury
Assume Negative Reprice Potential Until Further Notice
Fri, Mar 20 2026, 10:52 AM

Today is a bit unique in that bonds started weaker and have been falling steadily all day. Lender pricing strategies vary greatly in this conditions. Some will price in more weakness.  Others will be responsive to additional losses. All we can tell you right now is that MBS are down more than a quarter point from many lenders' rate sheet print times so negative reprices will be an ongoing possibility--especially if we lose any more ground. 

MBS Morning:
Central Banks Cite Oil to Steal Spotlight From Oil
Alert:
Negative Reprice Risk Increasing For Some Lenders
09:46 AM

Sharply weaker overnight with additional selling all morning. MBS down over half a point and 10yr up 7.8bps at 4.327.

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.