Mortgage Advisor / Branch Manager
Fairway Mortgage
License:
1639987
MBS & US Treasury Markets
5/14 2:54:38PM EST : Delayed Data

This is more of a heads up than an emergent alert. MBS are still 1 tick (.03) higher on the day and the Treasury market suggest MBS selling may be a bit overdone, but 5.0 coupons are down 5-6 ticks (.16-.19) from the AM highs. Those highs coincide with some early lenders' rate sheet print times. As such, they could technically justify a negative reprice.

08:30 AM

No drama in Retail Sales data. MBS up an eighth and 10yr down 1.8bps at 4.446

11:06 AM

Minimal change so far. MBS up an eighth and 10yr down 1.2bps at 4.452

02:26 PM

MBS up 2 ticks (.06) on the day, down just over an eighth from the AM highs. 10yr yields are still down 1bp on the day at 4.455

Mortgage Advisor / Branch Manager
Fairway Mortgage
License:
1639987