by Bill Bodnar, on February 11, 2021 at 1:45 PM
by Bill Bodnar, on February 11, 2021 at 1:45 PM
Rates ticked up a bit and MBS saw price declines despite Fed bond buying. On Wednesday, the Fed purchased $9B in bonds and pricing worsened - why? $20B was offered for sale.
Follow prices resting on the 200-day Moving Average. If MBS prices fall beneath this floor, it would be bad for loan pricing.
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