Negative reprice risk is now a consideration for most lenders and not just the jumpier "early crowd."
MBS are down 10 tick (.31) on the day and at least 5 ticks (.16) for almost any lender (except the super late crowd that didn't price until closer to 11am).
Negative reprice risk is now a consideration for most lenders and not just the jumpier "early crowd."
MBS are down 10 tick (.31) on the day and at least 5 ticks (.16) for almost any lender (except the super late crowd that didn't price until closer to 11am).