Hot news from AZ Home Help:
Posted To: MBS Commentary
Concurrent with a 1.4% stock sell off and civil unrest abroad, benchmark Treasuries have benefitted from a flight to safety. This has led "rate sheet influential" MBS prices to intraday highs. REPRICES FOR THE BETTER HAVE BEEN REPORTED 10yr TSY note yields moved back to the originator friendly side of the recent range before profit takers and a decline in trading volume put a lid on further positive progress. This slowing of the rally lines up with the same noisy cluster of resistance we've seen repeatedly over the past 5 weeks (RANGE!). Notice the range is consolidating at a quicker pace though (i.e. it's getting narrower over time)... MBS are benefitting from the benchmark rally but are lagging by comparison. FNCL 4.5's continue to struggle to get out of the low side of the recent rangebut...(
read more)
Source:
www.mortgagenewsdaily.com - For more real estate news visit our website at http://www.AzHomeHelp.com
No comments:
Post a Comment