Industry News
Mortgage Industry News
Today’s Mortgage Marketplace
01/03/2011
This morning, a rally in the stock market has hurt MBS markets, which have lost most of their gains from Friday’s session. The Dow is up 100 points. ISM Manufacturing and Construction Spending will be released at 10:00 et. MBS prices are down -10/32 (FNMA 30-yr 4.5 at 102.13), which is about 7/32 higher than Friday at this time. Favorable repricing took place Friday. The 30-yr fixed FNMA required net yield (60 day) is now at 4.55% from 4.57% Friday.
