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By admin | November 30, 2009
pPosted To: a href="/mortgage_rates/blog/"MBS Commentary/a/pThe FN 4.0 is -0-01 at 100-09 yielding 3.98% and the FN 4.5 is currently +0-00 at 102-16 yielding 4.198%. The secondary mortgage market current coupon is now 3.96%. The CC yield is +73bps/10yr TSY yield and +63bps/10yr swap rate. quot;Rate sheet influentialquot; yield spreads (over benchmarks) are marginally improved as Fed buying has easily eaten up modest originator selling, $700mm and even a few 6.0s...meanwhile fast money MBS day traders have focused their strategies quot;up in couponquot;. Price action has been sideways all morning with only 6,500 TBA MBS trades so far today. Below is the FN 4.5 two day...notice prices have held to a tight range all morning. Zooming out, you can how the rate of MBS price appreciations has slowed over the past three sessions. Lots of mortgage market...(a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/121371.aspx"read more/a)pdiv style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"strongForward this article via email:/strongnbsp;nbsp;a href="http://www.mortgagenewsdaily.com/channels/121371/3/forward.aspx" style="color:#3333CC;"Send a copy of this story/a to someone you know that may want to read it./div/pimg src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=121371" width="1" height="1"
Topics: Mortgage News |
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