Good morning and happy Monday! I hope you had a great holiday! We start getting back into scheduled housing news tomorrow. Today is quiet, but I did find a couple of things worth mentioning. Serious delinquencies (90+ days) are about 2.5 times higher than in Feb. 2020. Nothing here to panic about but deserves keeping an eye on. Credit Union news hit last week, as they will now be allowed to buy MSRs (Master Servicing Rights) from other credit unions. Not sure currently whether brokered MSRs would qualify. We’ll dig deeper into that question. That’s all in the news.
Today’s bond market is up in price marginally, with 10yr T-Notes +4/32 to yield 1.48%. MBS are unchanged with FNMA 30yr 2.50% at $102-02 to yield 2.07%, which is +77 to the 5.6yr treasury curve. As always, have a great day and call or email with your inquiries.
Cherry Picks
10 Year Fixed
15 Year Fixed
20 Year Fixed
30 Year Fixed
Agency CMBS
Agency CMO – 3 Year
Agency CMO – 5 Year
Agency CMO – Long End
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