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AVG Inv 4.75% Note Rate Price Vs FN 4.0 Basis Spread
Average Note Rate vs Coupon Spread
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Security PriceAVG Inv 4.25% Note Rate Price Vs FN 3.5 Basis Spread
Average Note Rate vs Coupon Spread FNMA 3.5 Price
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98.5
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Average 3.75 - 4.5 % Investor Note Rate vs FNMA30 3.5 Basis Spreads
Average Note Rate vs Coupon Spread FNMA 3.5 Price
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AVG Inv 3.75% Note Rate Price Vs GNII 3.5 Basis Spread
Average Note Rate vs Coupon Spread
30 year Fannie Mae is up slightly today versus FNMA Securities. A note that on 5/25 we adjusted the G-Fee downward on the 30 year security. This is why the drop ocurred.
Generally, if cash price is below the zero line and are trending down it is not a good time to sell loans via the cash window, however the trend is what is most important.
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FN30 0.53 0.54 0.54 0.47 0.50 0.49 0.52 0.49 0.48 0.49 0.56 0.52 0.52 0.42 0.45 0.41 0.41 0.41 0.42
FN15 0.54 0.54 0.39 0.42 0.54 0.53 0.47 0.48 0.46 0.46 0.52 0.52 0.52 0.54 0.56 0.55 0.55 0.55 0.55
FN20 0.38 0.37 0.37 0.31 0.34 0.35 0.35 0.29 0.28 0.29 0.34 0.31 0.31 0.48 0.47 0.39 0.39 0.42 0.43
FN10 0.31 0.30 0.29 0.31 0.30 0.30 0.29 0.30 0.30 0.30 0.36 0.36 0.36 0.42 0.45 0.37 0.36 0.43 0.44
FNMA Cash Vs. FNMA Security Price Spreads
Freddie 30 is up slightly today vs FHLMC Securities. A note that on 5/25 we adjusted the G-Fee downward on the 30 year security. This is why the drop ocurred.
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8-May 9-May 10-May 11-May 14-May 15-May 16-May 17-May 18-May 21-May 22-May 23-May 24-May 25-May 29-May 30-May 31-May 1-Jun 4-Jun
FHLMC30 0.89 0.87 0.88 0.95 0.96 0.96 1.01 1.00 1.01 0.94 0.96 0.94 0.93 0.80 0.83 0.79 0.74 0.73 0.74
FHLMC15 0.58 0.59 0.56 0.62 0.60 0.59 0.55 0.53 0.57 0.54 0.56 0.55 0.55 0.57 0.61 0.57 0.55 0.50 0.52
FHLMC Cash Vs. FHLMC Security Price Spreads
Freddie 30 year is down slightly today vs. FNMA cash this morning.
Retained vs Retained pricing
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8-May 9-May 10-May 11-May 14-May 15-May 16-May 17-May 18-May 21-May 22-May 23-May 24-May 25-May 29-May 30-May 31-May 1-Jun 4-Jun
FHLMC30 0.18 0.16 0.13 0.17 0.16 0.17 0.19 0.22 0.20 0.16 0.12 0.13 0.12 0.13 0.14 0.12 0.10 0.11 0.10
FHLMC15 0.30 0.30 0.29 0.31 0.30 0.29 0.28 0.29 0.30 0.29 0.35 0.35 0.35 0.39 0.42 0.36 0.35 0.42 0.42
FHLMC Cash Vs. FNMA Cash Price Spreads
30 Year Freddie cash is up slightly today vs FNMA Securities this morning. A note that on 5/25 we adjusted the G-Fee downward on the 30 year security. This is why the drop
ocurred.
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FHLMC30 0.80 0.79 0.79 0.86 0.87 0.89 0.93 0.92 0.93 0.86 0.88 0.86 0.84 0.72 0.75 0.71 0.66 0.64 0.66
FHLMC15 0.64 0.65 0.47 0.53 0.64 0.64 0.58 0.58 0.58 0.59 0.60 0.59 0.58 0.61 0.63 0.60 0.59 0.55 0.55
FHLMC Cash Vs. FNMA Security Price Spreads
FNMA Spreads are up slightly this morning.
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Product Spreads BE Vs Mandatory
FN30
GNI30
GNII30
Avg All
Spreads are mixed this morning.
We adjusted the rate to 4.25% for the pricing on conforming and to 4.0% for GNMA.
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101
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Investor Conforming Mandatory Pricing Spreads
Wells
FAMC
DiTech
PNMC
Chase
Homeward
NSM
TMS
Impac
97.597.75
9898.2598.5
98.7599
99.2599.5
99.75100
100.25100.5
100.75101
101.25101.5
101.75102
102.25102.5
102.75
GNII Investor Pricing Spreads
Wells
FAMC
PNMC
Chase
NSM
Impac
TMS
Rate Spread Rate Spread Rate Spread Rate Spread
4.000 0.45 2.750 0.62 3.625 0.42
4.125 0.45 2.875 0.59 3.750 0.31 2.750 0.56
4.250 0.31 3.000 0.55 3.875 0.56 2.875 0.53
4.375 0.31 3.125 0.53 4.000 0.57 3.000 0.51
4.500 0.48 3.250 0.58 4.125 0.46 3.125 0.43
4.625 0.49 3.375 0.56 4.250 0.36 3.250 0.43
4.750 0.37 3.500 0.52 4.375 0.48 3.375 0.41
4.875 0.38 3.625 0.50 4.500 0.45 3.500 0.39
5.000 0.44 3.750 0.54 4.625 0.38 3.625 0.32
5.125 0.52 3.875 0.57 4.750 0.28 3.750 0.41
4.000 0.53 3.875 0.39
4.125 0.52
AVG HI LOW AVG HI LOW AVG HI LOW AVG HI LOW
0.42 0.52 0.31 0.55 0.62 0.50 0.43 0.57 0.28 0.44 0.56 0.32
Date avg Hi Low avg Hi Low avg Hi Low avg Hi Low
8-May 0.53 0.64 0.38 0.54 0.58 0.52 0.38 0.58 0.23 0.31 0.39 0.21
9-May 0.54 0.68 0.38 0.54 0.58 0.52 0.37 0.58 0.23 0.30 0.39 0.21
10-May 0.54 0.66 0.39 0.39 0.56 -0.20 0.37 0.57 0.24 0.29 0.37 0.20
11-May 0.47 0.59 0.33 0.42 0.57 -0.11 0.31 0.52 0.19 0.31 0.40 0.21
14-May 0.50 0.62 0.36 0.54 0.58 0.52 0.34 0.53 0.20 0.30 0.39 0.22
15-May 0.49 0.65 0.30 0.53 0.57 0.52 0.35 0.48 0.22 0.30 0.38 0.21
16-May 0.52 0.66 0.38 0.47 0.50 0.44 0.35 0.54 0.21 0.29 0.32 0.22
17-May 0.49 0.56 0.34 0.48 0.49 0.44 0.29 0.40 0.16 0.30 0.36 0.24
18-May 0.48 0.57 0.32 0.46 0.51 0.42 0.28 0.39 0.21 0.30 0.34 0.25
21-May 0.49 0.59 0.34 0.46 0.49 0.41 0.29 0.43 0.20 0.30 0.33 0.25
22-May 0.56 0.70 0.41 0.52 0.54 0.50 0.34 0.44 0.25 0.36 0.43 0.29
23-May 0.52 0.63 0.39 0.52 0.54 0.49 0.31 0.43 0.22 0.36 0.42 0.30
24-May 0.52 0.62 0.38 0.52 0.54 0.48 0.31 0.45 0.23 0.36 0.42 0.30
25-May 0.42 0.50 0.30 0.54 0.58 0.50 0.48 0.67 0.33 0.42 0.52 0.31
29-May 0.45 0.52 0.34 0.56 0.61 0.51 0.47 0.70 0.31 0.45 0.55 0.33
30-May 0.41 0.51 0.31 0.55 0.62 0.50 0.39 0.62 0.23 0.37 0.44 0.30
31-May 0.41 0.52 0.30 0.55 0.61 0.49 0.39 0.62 0.24 0.36 0.43 0.29
1-Jun 0.41 0.52 0.27 0.55 0.63 0.47 0.42 0.61 0.27 0.43 0.50 0.34
4-Jun 0.42 0.52 0.31 0.55 0.62 0.50 0.43 0.57 0.28 0.44 0.56 0.32
Positive values indicate cash better than securities, conversely, negative values indicate cash worse than securities.
FNMA Cash versus FNMA security pricingFNMA30 FNMA15 FNMA20 FNMA10
FN30 FN15 FN20 FN10
Rate Spread Rate Spread
4.000 0.12
4.125 0.04 2.750 0.56
4.250 0.09 2.875 0.53
4.375 0.18 3.000 0.51
4.500 0.18 3.125 0.43
4.625 0.03 3.250 0.43
4.750 0.02 3.375 0.41
4.875 0.11 3.500 0.39
5.000 0.12 3.625 0.32
5.125 0.10 3.750 0.41
3.875 0.39
4.000 0.37
4.125 0.30
AVG HI LOW AVG HI LOW
0.10 0.18 0.02 0.42 0.56 0.30
Date avg Hi Low avg Hi Low
8-May 0.18 0.26 0.11 0.30 0.39 0.21
9-May 0.16 0.23 0.10 0.30 0.39 0.21
10-May 0.13 0.19 0.05 0.29 0.37 0.20
11-May 0.17 0.28 0.08 0.31 0.40 0.21
14-May 0.16 0.22 0.09 0.30 0.39 0.22
15-May 0.17 0.27 0.12 0.29 0.38 0.21
16-May 0.19 0.26 0.10 0.28 0.32 0.22
17-May 0.22 0.31 0.14 0.29 0.36 0.24
18-May 0.20 0.31 0.13 0.30 0.34 0.25
21-May 0.16 0.28 0.10 0.29 0.33 0.25
22-May 0.12 0.26 0.07 0.35 0.43 0.29
23-May 0.13 0.24 0.05 0.35 0.42 0.30
24-May 0.12 0.24 0.06 0.35 0.42 0.30
25-May 0.13 0.25 0.07 0.39 0.52 0.23
29-May 0.14 0.27 0.05 0.42 0.55 0.25
30-May 0.12 0.23 0.05 0.36 0.44 0.23
31-May 0.10 0.22 0.02 0.35 0.43 0.23
1-Jun 0.11 0.22 0.03 0.42 0.50 0.33
4-Jun 0.10 0.18 0.02 0.42 0.56 0.30
FHLMC30 FHLMC15
FHLMC30
Freddie Cash versus Fannie Cash pricing
FHLMC15
Rate Spread Rate Spread
3.750 0.70
3.875 0.74 2.750 0.27
4.000 0.99 2.875 0.39
4.125 0.89 3.000 0.50
4.250 0.69 3.125 0.63
4.375 0.77 3.250 0.63
4.500 0.93 3.375 0.58
4.625 0.73 3.500 0.47
4.750 0.50 3.625 0.54
4.875 0.60 3.750 0.64
5.000 0.66 3.875 0.60
5.125 0.74 4.000 0.44
4.125 0.51
AVG HI LOW AVG HI LOW
0.74 0.99 0.50 0.52 0.64 0.27
Date avg Hi Low avg Hi Low
8-May 0.89 1.22 0.73 0.58 0.77 0.31
9-May 0.87 1.19 0.71 0.59 0.75 0.28
10-May 0.88 1.18 0.72 0.56 0.70 0.27
11-May 0.95 1.30 0.76 0.62 0.78 0.34
14-May 0.96 1.31 0.77 0.60 0.73 0.33
15-May 0.96 1.27 0.79 0.59 0.73 0.30
16-May 1.01 1.34 0.83 0.55 0.70 0.24
17-May 1.00 1.28 0.78 0.53 0.65 0.26
18-May 1.01 1.28 0.81 0.57 0.69 0.29
21-May 0.94 1.20 0.74 0.54 0.69 0.24
22-May 0.96 1.23 0.76 0.56 0.68 0.25
23-May 0.94 1.21 0.74 0.55 0.69 0.24
24-May 0.93 1.16 0.73 0.55 0.72 0.24
25-May 0.80 1.06 0.59 0.57 0.75 0.28
29-May 0.83 1.06 0.62 0.61 0.79 0.26
30-May 0.79 1.03 0.56 0.57 0.74 0.27
31-May 0.74 0.97 0.51 0.55 0.72 0.29
1-Jun 0.73 0.98 0.50 0.50 0.62 0.22
4-Jun 0.74 0.99 0.50 0.52 0.64 0.27
Freddie Cash versus FHLMC Security pricingFHLMC15FHLMC30
FHLMC30 FHLMC15
Rate Spread Rate Spread
3.750 0.62
3.875 0.67 2.750 0.29
4.000 0.91 2.875 0.41
4.125 0.70 3.000 0.52
4.250 0.62 3.125 0.57
4.375 0.71 3.250 0.69
4.500 0.86 3.375 0.64
4.625 0.57 3.500 0.53
4.750 0.44 3.625 0.52
4.875 0.54 3.750 0.67
5.000 0.60 3.875 0.68
5.125 0.55 4.000 0.52
5.250 0.31 4.125 0.52
AVG HI LOW AVG HI LOW
0.66 0.91 0.44 0.55 0.69 0.29
Date avg Hi Low avg Hi Low
8-May 0.80 1.10 0.63 0.64 0.82 0.34
9-May 0.79 1.07 0.61 0.65 0.83 0.35
10-May 0.79 1.08 0.62 0.47 0.79 -0.47
11-May 0.86 1.19 0.67 0.53 0.83 -0.37
14-May 0.87 1.22 0.68 0.64 0.84 0.34
15-May 0.89 1.22 0.69 0.64 0.82 0.33
16-May 0.93 1.29 0.73 0.58 0.78 0.26
17-May 0.92 1.24 0.68 0.58 0.74 0.27
18-May 0.93 1.22 0.71 0.58 0.75 0.26
21-May 0.86 1.13 0.64 0.59 0.76 0.27
22-May 0.88 1.16 0.67 0.60 0.77 0.29
23-May 0.86 1.14 0.64 0.59 0.76 0.28
24-May 0.84 1.12 0.63 0.58 0.75 0.27
25-May 0.72 1.00 0.53 0.61 0.81 0.32
29-May 0.75 1.00 0.56 0.63 0.85 0.34
30-May 0.71 0.96 0.50 0.60 0.80 0.33
31-May 0.66 0.90 0.45 0.59 0.79 0.33
1-Jun 0.64 0.91 0.44 0.55 0.69 0.27
4-Jun 0.66 0.91 0.44 0.55 0.69 0.29
Freddie Cash versus FNMA Security pricingFHLMC30 FHLMC15
FHLMC30 FHLMC15
Positive value indicates GNMAII are pricing higher
than GNMA Securities
Negative value indicates GNMAII are pricing worse
than GNMA Securities
Be cautious of the liquidity issues that can arise when
trading GNMAII Securities. Bid/Ask spreads can
widen during certain times in the month that will
eat into margins
Date 3 3.5 4 4.5
7-May -0.09 -0.03 0.08 0.47
8-May -0.06 -0.14 -0.11 0.23
9-May -0.33 -0.17 -0.11 0.23
10-May -0.16 -0.02 0.02 0.11
11-May -0.09 0.13 0.13 0.44
14-May -0.30 -0.08 -0.08 0.14
15-May -0.59 -0.41 -0.30 -0.02
16-May -0.19 -0.11 -0.11 0.08
17-May -0.09 0.02 -0.02 0.19
18-May -0.05 -0.02 0.00 0.03
21-May -0.08 -0.03 0.03 0.03
22-May -0.05 0.05 0.03 0.08
23-May -0.11 -0.03 0.36 0.19
24-May -0.06 0.00 0.11 0.05
25-May -0.09 -0.02 0.19 0.08
29-May -0.06 0.02 0.03 -0.25
30-May -0.41 -0.22 -0.19 -0.17
31-May -0.06 -0.02 -0.02 -0.02
1-Jun -0.34 0.05 -0.02 -0.13
GNMA II Spread
GNMA vs GNMAII Spreads
GNIIs are trading mixed to GNIs and remain the security of choice for hedging purposes.
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3 Coupon -0.06 -0.33 -0.16 -0.09 -0.30 -0.59 -0.19 -0.09 -0.05 -0.08 -0.05 -0.11 -0.06 -0.09 -0.06 -0.41 -0.06 -0.34
3.5 Coupon -0.14 -0.17 -0.02 0.13 -0.08 -0.41 -0.11 0.02 -0.02 -0.03 0.05 -0.03 0.00 -0.02 0.02 -0.22 -0.02 0.05
4 Coupon -0.11 -0.11 0.02 0.13 -0.08 -0.30 -0.11 -0.02 0.00 0.03 0.03 0.36 0.11 0.19 0.03 -0.19 -0.02 -0.02
4.5 Coupon 0.23 0.23 0.11 0.44 0.14 -0.02 0.08 0.19 0.03 0.03 0.08 0.19 0.05 0.08 -0.25 -0.17 -0.02 -0.13
GNMA vs GNMAII GNMA vs GNMAII SpreadsVs GNMAII Spreads
The FNMA High Bal Spread compares the cash price for FNMA high balance loans and compares it to the standard FNMA cash prices. The price is actually different for each note rate so we
have averaged the price based on how the note rate fits into a security. The purpose of the spread graph is for clients to make determinations whether to sell or wait for spreads to narrow
before selling. It can also be used as an indication for setting pricing for high balance loans based on the spreads.
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8-May 9-May 10-May 11-May 14-May 15-May 16-May 17-May 18-May 21-May 22-May 23-May 24-May 25-May 29-May 30-May 31-May 1-Jun 4-Jun
3 Coupon -0.81 -0.86 -0.85 -0.84 -0.81 -0.81 -0.68 -0.68 -0.68 -0.68 -0.68 -0.68 -0.68 -0.68 -0.68 -0.68 -0.68 -0.68 -0.68
3.5 Coupon -0.88 -0.92 -0.91 -0.91 -0.89 -0.90 -0.83 -0.82 -0.82 -0.82 -0.82 -0.82 -0.82 -0.82 -0.84 -0.85 -0.85 -0.85 -0.84
4 Coupon -1.12 -1.13 -1.12 -1.11 -1.12 -1.10 -1.10 -1.08 -1.08 -1.08 -1.10 -1.08 -1.08 -1.07 -1.08 -1.08 -1.09 -1.09 -1.09
GNMA vs GNMAII FNMA High Balance SpreadsGNMAII Spreads
-0.6
-0.4
-0.2
0
0.2
0.4
0.6
0.8
1
1.2
8-May 10-May 12-May 14-May 16-May 18-May 20-May 22-May 24-May 26-May 28-May 30-May 1-Jun
8-May 9-May 10-May 11-May 14-May 15-May 16-May 17-May 18-May 21-May 22-May 23-May 24-May 25-May 29-May 30-May 31-May 1-Jun
3 1.0469 1.0469 1.0000 1.0313 1.0469 1.0938 1.0781 1.0781 1.0469 1.0625 1.1094 1.0938 1.0469 1.0156 0.8906 0.9219 0.9219 1.0156
3.5 0.9063 0.9063 0.8750 0.8906 0.9063 0.9531 0.9688 0.9531 0.9219 0.9219 0.9844 0.9531 0.9063 0.8594 0.7500 0.8125 0.8125 0.8906
4 0.5313 0.5313 0.5000 0.5313 0.5313 0.6250 0.6094 0.5781 0.5625 0.5469 0.6094 0.5938 0.5469 0.5156 0.4063 0.4531 0.4375 0.5469
4.5 -0.3125 -0.3125 -0.3125 -0.3438 -0.3125 -0.2031 -0.2344 -0.2500 -0.2656 -0.2813 -0.2188 -0.2344 -0.2813 -0.3281 -0.4219 -0.3750 -0.3750 -0.2656
GNMAII30 vs FNMA Prices Spreads
-1.00
-0.50
0.00
0.50
1.00
1.50
2.00
8-May 10-May 12-May 14-May 16-May 18-May 20-May 22-May 24-May 26-May 28-May 30-May 1-Jun
8-May 9-May 10-May 11-May 14-May 15-May 16-May 17-May 18-May 21-May 22-May 23-May 24-May 25-May 29-May 30-May 31-May 1-Jun
3 1.1094 1.3750 1.1563 1.1250 1.3438 1.6875 1.2656 1.1719 1.0938 1.1406 1.1563 1.2031 1.1094 1.1094 0.9531 1.3281 0.9844 1.3594
3.5 1.0469 1.0781 0.8906 0.7656 0.9844 1.3594 1.0781 0.9375 0.9375 0.9531 0.9375 0.9844 0.9063 0.8750 0.7344 1.0313 0.8281 0.8438
4 0.6406 0.6406 0.4844 0.4063 0.6094 0.9219 0.7188 0.5938 0.5625 0.5156 0.5781 0.2344 0.4375 0.3281 0.3750 0.6406 0.4531 0.5625
4.5 -0.5469 -0.5469 -0.4219 -0.7813 -0.4531 -0.1875 -0.3125 -0.4375 -0.2969 -0.3125 -0.2969 -0.4219 -0.3281 -0.4063 -0.1719 -0.2031 -0.3594 -0.1406
GNMA30 vs FNMA Price Spreads
-1.00
-0.50
0.00
0.50
1.00
1.50
2.00
2.50
3.00
7-May 8-May 9-May 10-May 11-May 14-May 15-May 16-May 17-May 18-May 21-May 22-May 23-May 24-May 25-May 29-May 30-May 31-May 1-Jun 4-Jun
3 -0.4449 -0.2993 -0.2032 -0.3427 -0.1352 -0.1251 0.2624 0.3258 0.2317 0.0565 0.1395 0.2196 0.2010 -0.2111 -0.2852 -0.3283 -0.6017 -0.5505 -0.3341 -0.2679
3.5 0.6842 0.7667 0.7677 0.7271 0.8396 0.8548 0.9056 0.8386 0.6757 0.7812 0.7397 0.7999 0.8485 0.7783 0.7759 0.7863 0.7892 0.7828 0.8102 0.7917
4 1.7728 1.8198 1.8769 1.7823 1.9263 1.9523 1.9712 1.8375 1.7695 1.8880 1.8291 1.8838 1.8937 1.8227 1.8409 1.8369 1.8289 1.8267 1.8657 1.8671
4.5 2.2093 2.2451 2.3014 2.1948 2.3597 2.3805 2.4189 2.2975 2.2566 2.3736 2.2575 2.2980 2.3211 2.2714 2.2965 2.3501 2.3127 2.2658 2.2597 2.2501
FNMA30 LB SPREADS BY COUPON
-1.00
-0.50
0.00
0.50
1.00
1.50
2.00
2.50
3.00
7-May 8-May 9-May 10-May 11-May 14-May 15-May 16-May 17-May 18-May 21-May 22-May 23-May 24-May 25-May 29-May 30-May 31-May 1-Jun 4-Jun
3 0.0947 0.2324 0.2579 0.0798 0.3870 0.2739 0.4660 0.5322 0.3506 -0.0091 0.2201 0.3090 0.1555 -0.2201 -0.3353 -0.6038 -0.6474 -0.3553 0.0015 0.0429
3.5 -0.3562 -0.2859 -0.2816 -0.3226 -0.2142 -0.2013 -0.1599 -0.1768 -0.3708 -0.2634 -0.3032 -0.2352 -0.1814 -0.2443 -0.0828 -0.1809 -0.1886 -0.1960 -0.1178 -0.1382
4 0.0313 0.0742 0.1107 0.0297 0.1931 0.2070 0.2245 0.1472 0.0334 0.1536 0.1061 0.1571 0.1947 0.1519 0.2274 0.1779 0.1440 0.1501 0.1847 0.1676
4.5 2.3773 2.4440 2.5833 2.4164 2.6031 2.5492 2.7708 2.6088 2.5614 2.6000 2.5033 2.5761 2.4843 2.2479 2.2671 2.1524 2.0464 2.1587 2.3232 2.3367
FNMA20 LB SPREADS BY COUPON
-0.60
-0.40
-0.20
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
7-May 8-May 9-May 10-May 11-May 14-May 15-May 16-May 17-May 18-May 21-May 22-May 23-May 24-May 25-May 29-May 30-May 31-May 1-Jun 4-Jun
2 -0.0704 -0.0900 -0.0313 0.2460 0.1155 0.0105 0.1018 0.2086 0.1852 0.4028 0.2781 0.4560 0.0264 0.2919 0.1351 0.2752 -0.0878 0.0500 -0.1408 -0.0879
2.5 -0.3392 -0.3109 -0.2983 -0.3014 -0.3055 -0.2538 -0.2498 -0.2843 -0.3251 -0.2975 -0.3156 -0.2465 -0.2010 -0.2178 -0.2649 -0.2379 -0.3020 -0.2743 -0.2304 -0.2855
3 0.2469 0.2852 0.3220 0.2859 0.3294 0.3495 0.3867 0.3449 0.2772 0.3473 0.3057 0.3574 0.4088 0.3590 0.3272 0.3339 0.3120 0.3208 0.3767 0.3370
3.5 0.9387 0.9806 0.9907 0.9776 1.0499 1.0803 1.3417 1.3259 1.3108 1.3355 1.3078 1.3130 1.3095 1.1953 1.1722 1.1849 1.1698 1.2479 1.2403 1.2211
FNMA15 LB SPREADS BY COUPON
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