Senior Loan Officer
The Francis Team Powered by Edge Home Finance
License:
NMLS ID#265571
Colorado LMB#10031320, Massachusetts #265571, Nort
MBS & US Treasury Markets
7/8 2:16:24AM EST : Delayed Data

*US IS REVOKING IRAN-RELATED GENERAL LICENSE TO EXPORT OIL

*IRAN'S ACTIONS IN STRAIT OF HORMUZ WHOLLY UNACCEPTABLE: OFFICIAL

Following these newswires, oil prices went even higher and bond yields have been highly correlated today. 10yr yields are now up 6bps at 4.531. MBS are down 3/8ths on the day and a quarter point from many lenders' rate sheet print times. 

Negative reprices are now a stronger possibility compared to earlier in the day. 

Senior Loan Officer
The Francis Team Powered by Edge Home Finance
License:
NMLS ID#265571
Colorado LMB#10031320, Massachusetts #265571, Nort