Dialing Back The Pain

By: Matthew Graham • Mon, Mar 24 2008, 12:14 PM

For those of you "on a fence" about locking today, we have pulled back from the brink as the 5.5% MBS began a push towards a 100 basis point loss on the day. We're currently at 100-18 /19 on the 5.5% coupon, a lost off 26/32nds on the day.

You may be safe for a while...