Mike Hardy
Broker | Owner
True North Lending
M: (562) 370-0544
www.TrueNorthLender.com
6621 E. Pacific Coast Highway Suite 155
Long Beach CA 90803
License:
NMLS #1175689
DRE #01326046
MBS & US Treasury Markets
UMBS 5.5
99.26 -0.21
GNMA 5.5
99.64 -0.20
UMBS-15 5.0
99.68 -0.10
10 YR TREAS
4.676 +0.069
30 YR TREAS
5.206 +0.116
7/29 5:02:54PM EST : Delayed Data
30YR UMBS 5.5 30YR GNMA 5.5 15YR UMBS 5.0 10 Year Treasury 30 Year Treasury
Negative Reprice Risk Increasing
Wed, Jul 29 2026, 4:19 PM

MBS are now at new lows for the day with 5.5 coupons down 10 ticks (.31) in total and 5-6 ticks (.16-.19) from the morning price plateau. Most lenders could technically justify a negative reprice at this point, but especially those who repriced for the better this afternoon. 

Alert:
Lenders Who Dropped Rates After Fed May Need to Reprice
Commentary:
Here's What Changed in The New Fed Announcement
08:49 AM

Logically weaker overnight as Iran fighting resumes. MBS down an eighth and 10yr up 2bps at 4.628

12:08 PM

Weakest levels. MBS down 7 ticks (.22) and 10yr up 4.1bps at 4.648

02:02 PM

First move is stronger after Fed holds rates. MBS approaching unchanged levels and 10yr still up 1.4bps on the day at 4.62

04:20 PM

weakest levels. MBS down 9 ticks (.28) and 10yr up 8.6bps at 4.693

Mike Hardy
Broker | Owner
True North Lending
M: (562) 370-0544
www.TrueNorthLender.com
6621 E. Pacific Coast Highway Suite 155
Long Beach CA 90803
License:
NMLS #1175689
DRE #01326046
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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.