MBS Extend Price Gains. Reprices Possible

The S&P has broken 1080 support and benchmark 10s are testing 3.20 resistance. This has helped MBS prices extend their rally.

Lenders who priced early in the session may reprice for the better.  A healthy cushion was baked into your rate sheets this morning so there is room to pass along better loan pricing. Then again it is a Friday and lenders are usually "fast to remove and slow to improve".