Selling has been slow and steady since the open. This alert doesn't indicate a specifically scary dip in prices. Rather, it's a heads up that the modest selling now accounts for an eighth of a point drop versus many lenders' rate sheet print times. As such, negative reprices can't be ruled out for the jumpier lenders. That said, risks would be higher if we lose a few more ticks.
Selling has been slow and steady since the open. This alert doesn't indicate a specifically scary dip in prices. Rather, it's a heads up that the modest selling now accounts for an eighth of a point drop versus many lenders' rate sheet print times. As such, negative reprices can't be ruled out for the jumpier lenders. That said, risks would be higher if we lose a few more ticks.