Tuesday 9/16 ... Down a Tick

Currently 5.5's are trading at 101-11, down a tick day over day. We're not likely at risk for a reprice, but just a heads up. Do be warned though that Ginnie 5.5's are down 4-7 ticks currently, so you may see reprices in FHA/VA etc... depending on your lender. Stay on your toes

We've set three resistance levels marking the previous three low points of the day. The more of those floors we fall through, the more likely the reprice for the worse.