Producing Branch Manager
Oklahoma Mortgage Group
MBS & US Treasury Markets
9/29 1:57:09PM EST : Delayed Data
08:58 AM
MBS up 2 ticks (.06) and 10yr down less than 1bp at 5.231
10:05 AM
Heavy selling between 9:30am and 10am. Bouncing modestly after 10am data. MBS down over an eighth and 10yr up 1.1bps at 5.25
Producing Branch Manager
Oklahoma Mortgage Group
MBS are now down almost half a point with many lenders seeing more than a quarter point of weakness since their last rate sheet.
Most any lender is at least at some risk of negative reprices (or additional negative reprices).