Industry News
Mortgage Industry News
Today’s Market News
12/29/2010
MBS prices are up +8/32 (FNMA 30-yr 4.5 at 101.16), which is about 12/32 lower than yesterday at this time. Unfavorable re-pricing took place yesterday. The 30-yr fixed FNMA required net yield (60 day) is now at 4.69% from 4.60% yesterday. Early investors may have priced at lower levels.
MBS markets have been moving higher so far this morning. Over the past two days, the Treasury auctions have had the greatest impact on MBS prices, so investors will be closely watching today’s 7-yr auction results. The Dow is up 25 points. No economic data will be released today. The results from the 7-year Treasury auction will be released at 1:00 et.
