MBS RECAP: Quiet Day of Consolidation for Markets

By: Matthew Graham

After trending decisively higher during almost every hour since hitting bottom last Friday, stocks and bond yields leveled off today.  Perhaps it's the 3-day weekend (Columbus Day on Monday) or the absence of any significant market-moving data today. Or perhaps this is simply the middle of the road when it comes to either heading back into previous ranges or committing to the more recent breaks lower.  

Bond markets' only noticeable movement came during the opening hours when 10yr yields went as high as 2.138.  That coincided with equities markets topping out for the day as well.  Both would ultimately return just under yesterday's latest levels.

Point of order: keep in mind that Tuesday is a roll date for Fannie and Freddie 30yr fixed, and thus the visual drop in prices may be reflected any time between now and then.  In other words, Fannie 3.0 prices will look about 10 ticks lower than they would otherwise be looking.


MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
MBS
FNMA 3.0
101-11 : +0-01
FNMA 3.5
104-11 : +0-01
FNMA 4.0
106-22 : +0-01
Treasuries
2 YR
0.6410 : +0.0040
10 YR
2.0900 : -0.0120
30 YR
2.9220 : -0.0140
Pricing as of 10/9/15 6:31PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
11:47AM  :  ALERT ISSUED: Some Late-Pricing Lenders Approaching Negative Reprice Risk Threshold

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Doug Seder  :  "I thought it depended on the LTV vs. the value on record in FHA connecton for FHA SL, if less than 95% you at at .80"
Ira Selwin  :  "CS - only to add the new High Balance expanded LTVs for December"
joon choi  :  "mt depend on the original down payment"
Christopher Stevens  :  "hmmm I did not realize a new FNMA LLPA grid was released 9/29"
Mike Tavani  :  "Happy Friday LOs of america... FHA streamline w/o appraisal... is that monthly MI of .85? "