MBS RECAP: 5-Timer Club!

Posted To: MBS Commentary

Google up the 5-timer club if you’re not familiar. We have a new inductee today, although it’s not exactly the same club as seen on Saturday Night Live. Our version of the 5-timer club refers to an elite group of trading days that have resulted in 5 consecutive reprice alerts on MBS Live. This is, of course, far less hilarious than its namesake, and realistically, it’s namesake wasn’t really that funny in the first place. That makes our club really awful, though not quite as awful as “Club 44,” whose members are the trading days were 44 or more lender reprices are reported on MBS Live. Still, to get a 5-timer during a week that’s already seen rates move to the highest levels in a year… let’s just say things could be better. Yellen spoke today, so naturally…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

The entire article can be viewed