Friday 2/13...Just a Quick Update
By:
Victor Burek
•
Mortgage backed securites took it on the chin today and have closed down about .25 worse in discount. I have already recieved a few reprices for the worse from some lenders. The main cause appears to be the sell off in treasuries which is increasing the yield they pay and making them more attractive then mbs.
I hope everyone has a great weekend.