MBS ALERT: Back to the Bottom of the Range

By: •

Stocks are at the highs of the day and the yield curve continues to steepen which has consequently put added selling pressure on mortgage pricing. A reprice for the worse is once again a potential

Since 5pm "Going Out" Marks....

FN30_______________________________

FN 4.0 -------->>>> -0-05   to 99-28    from 100-01

FN 4.5 -------->>>> -0-03   to 101-24  from 101-27

FN 5.0 -------->>>> -0-01  to 102-30   from 102-31

FN 5.5 -------->>>> -0-01  to 103-21   from 103-22

FN 6.0 -------->>>> +0-00  to 104-16  from 104-16

GN30_____________________________     

GN 4.0 -------->>>> -0-04  to 100-02  from 100-06

GN 4.5 -------->>>> -0-02  to 102-02  from 102-04

GN 5.0 -------->>>> -0-01  to 103-15  from 103-16

GN 5.5 -------->>>> -0-02  to 103-29  from 103-30

GN 6.0 -------->>>> -0-02  to 104-09  from 104-11

The early afternoon sideways trend has turned negative. The FN 4.0 is heading towards a re-test of intraday lows....BE AWARE