Keep Hope Alive

I hate to say it (and jinx it), but the market is almost behaving predictably today!  Haven't seen that in a while.  So as stocks have halted at a 100 point gain, the losses in MBS have stopped.  We're currently holding even on the day, which is a good sign for those of you that didn't get killer pricing from an early rate sheet this morning.  Even better in terms of predictability today is that the 10 year UST and MBS are moving in unison.  All this makes it easier for you to keep an eye on the market.

Floaters can probably stay in the pool.  Be on the lookout for the Dow progressing over the 150 mark and 10 Treasuries going up in yield by more than .2.  Of course I will do my best to keep you posted and let you know if the market turns back into its normal unpredictable self.