Holding Gains!

By: Matthew Graham • Tue, Jan 22 2008, 11:11 AM

We're currently holding gains in MBS's and even slightly up in cases. Keep Floating!

Update as of 3:11pm EST: We are still holding gains and improving!

Despite the slight rebound in stocks, traders are buying bonds (good for mortgage rates).

Keep floating. The rates are not yet reflected in lender's pricing and more reprices for the better are on the way.