Considerable Selling Pressure

Price Worsening Potential...

*edit: I just wanted to get the last alert posted as I saw the market sell 4/32nds very quickly (less than 1 minute).  Also, treasuries are suffering badly right now.  Usually some drop in treasuries tends to drag down MBS even though it is performing better.  The 10 year treasury is down 27/32nds whereas our MBS 5.0 and 5.5 are only down 14/32nds and 12/32nds respectively.

Price worsenings are not guaranteed.  It will depend on the lender.  This sell off may stabilize.  I'll let you know in another 10 minutes.