Treasuriessold-off overnight as 10-Year yields touched 2.80% during the Tokyo session before rebounding during London hours. In the U.S., we opened a couple tics lower than 3:00 PM EST closes before selling off. We are now rallying back after the University of Michigan release and MBSspreads have gone from a couple wider to 1 tic tighter during the move.
At 11:00 AM EST there is a USTbuyback in the 11/20-8/23 sector.
GNMA Issuer Fannie Mae and Freddie Mac Direct Lender Licensed throughout the U.S. and Puerto Rico Privately Held Mortgage Bank for Over 32 Years Excellent Underwriting / Funding Turn Times
This information is provided solely for informational use and is not intended as a trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not liscensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, price, guidelines, fees, costs, terms and conditions are subject to change without notice.