Some lenders have already repriced for the worse, but there will likely be quite a few more as MBS are now down to new lows for the day. 5.5 coupons are roughly a quarter point below the levels at which many lenders created rate sheets for the day.
10yr yields are up 3.1bps at 4.303, also the weakest levels of the day.
Some lenders have already repriced for the worse, but there will likely be quite a few more as MBS are now down to new lows for the day. 5.5 coupons are roughly a quarter point below the levels at which many lenders created rate sheets for the day.
10yr yields are up 3.1bps at 4.303, also the weakest levels of the day.