MArket Update 12/22/2015
MBS are down -4/32 (FNMA 30-yr 3.5 at 103.04), around 5/32 lower than yesterday at this time. Early investors may have priced at higher levels.
MBS have drifted lower this morning. Third quarter GDP was revised slightly lower from 2.1% to 2.0%, matching expectations. The Dow is up 25 points. Existing Home Sales will be released at 10:00 et.