Tuesday 9/30 ... Continuing Weakness (firm reprice alert)

By: Matthew Graham • Tue, Sep 30 2008, 10:22 AM

MBS may be continuing to tighten v. treasuries but that isn't stopping 5.5's from being down over .375 so far today. Any lender that released prices more than 20 minutes ago will almost certainly reprice for the worse unless we turn right around right away.