Reprice Risk Waning

Even though the 5.5% coupon made it all the way down to 100-22, we pulled a bit and have leveled off around 100-25, which probably will prevent any reprices that have not already hit.  I think, based on the graph that the secondary market will be looking for a reasonable amount of time under the 100-23 level before repricing for the worse.  We're safe, for now.