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 5.0
98.15 -0.85
GNMA 5.0
98.57 -0.81
UMBS-15 5.0
100.27 -0.40
10 YR TREAS
4.383 +0.133
30 YR TREAS
4.942 +0.104
3/20 5:08:00PM EST : Delayed Data
30YR UMBS 5.0 30YR GNMA 5.0 15YR UMBS 5.0 10 Year Treasury 30 Year Treasury
New Lows. Reprice Risk is Ongoing
Fri, Mar 20 2026, 2:58 PM

One last alert for the road today.  No sense in overdoing it, but it's worth noting that MBS are now at new lows with 5.0 coupons down nearly a full point on the day and 10yr yields up 14.2bps at 4.391. 

Any lender could justify a negative reprice, but actual risk will depend on how conservative the most recent rate sheet is.

Alert:
Assume Negative Reprice Potential Until Further Notice
MBS Morning:
Central Banks Cite Oil to Steal Spotlight From Oil
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.

01:37 PM

MBS down half a point and 10yr up 11.4bps at 4.364

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.