| Dec 20, 2011 3:03PM Late November definitely felt like more of a sell-off than today, but in terms of single session 8am-3pm losses, 10yr yields rose the most since October 27th, just over 10 basis points. Although MBS weathered this storm quite well (discussed earlier, in more detail HERE ), there's only so much spread tightening to be done before MBS have to give up a few ticks. That prompted an earlier alert from MBS Live: MBS Hit Lows of the Day. Reprice For The Worse Reported 1:33PM Shortly after 10yr yields broke... Dec 20, 2011 2:35PM After several days at record lows with little deviation in borrowing costs, Mortgage Rates worsened somewhat today. The weakness, however, does not affect the 3.875% Best-Execution rate; the borrowing costs involved in obtaining that rate are merely higher. Although there was stronger economic data on the home-front this morning, the real market mover continues to be Europe. Lately, another major consideration is that the will of the markets is immediately felt due to low year-end volume. Please...
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