MBS RECAP: MBS Move Lower After New Home Sales, Never Recover
By:
Matthew Graham
•
MBS Live: MBS Afternoon Market Summary
MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
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Afternoon Reprice Alerts and Updates
Below is a recap of instant Reprice Alerts and updates issued via email and text alert to MBS Live subscribers this afternoon.
2:20PM :
ALERT ISSUED:
MBS Hits Lows; Negative Reprice Risk Increasing
The Fannie Mae 4.0 coupon has just reached the lows of the day. From when most lenders issued rate sheets, the 4.0 coupon is down 5 ticks. This places most lenders in a position to reprice for the worse.
1:12PM :
Bond Markets Retreat from Highs of the Day
The Fannie Mae 4.0 coupon has fallen from its best levels of the day and currently sits at 104-09. Some lenders are in a position where they could reprice for the worse.
11:18AM :
Bond Markets Near Unchanged Following New Home Sales
The Fannie Mae 4.0 coupon has managed to climb to near unchanged on the day at 104-15 helped along by a weaker than expected New Home Sales report. New home sales dropped 7% for December printing at 414,000 versus expectations of 457,000 with the prior month being revised worse from 464,000 to only 445,000.
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