National Mortgage News: Mortgage-backed security volatility hits taper-tantrum levels
09/27/2022
Current coupon 30-year MBS spreads to the five- and 10-year Treasury blend have recently been in a range above 170 basis points last seen during the COVID-19 breakdown, confirmed Justin Hoogendoorn, senior managing director at HilltopSecurities. "MBS spreads have widened massively in the past couple of days," said Hoogendoorn. "Mortgages are simply trying to find a floor, along with the rest of the fixed-income market."