Industry News
Mortgage Industry News
MBS Prices are Down
09/10/2010
MBS prices are down -7/32 (FNMA 30-yr 4.0 at 102.11), which is about 15/32 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 3.96%, the highest level since August 6, from 3.87% yesterday.
Following weak 30-yr auction results yesterday, MBS markets continued to move lower this morning. The Dow is up 25 points.





