Very little change in rates this last week. The correspondent par mortgage rates dropped by a little bit under 1 basis point over the last week ending at 4.67%. This despite a small increase in the 10 yr treasury (increased from 3.41 to 3.56%).
The jumbo market continued to lose luster with spreads to comparable conforming product increased from 207 to 235 basis points; almost back to its pre-Redwood securitization level.
NB. For daily pricing on a more diverse set of loan programs please visit Level 1 Loans Index or visit us at Booth 109 during the New York Secondary conference.