Friday 10/3 ... Get Used To It

Folks, it's choppier than a 1980's Karate movie.

5.5's back down to 100-04, near lows of the day.

The more this whipsaw continues, the more likely lenders are to say "get me off this crazy thing!" In other words, volatility increases reprice risk, granted, not as much as outright price losses, but unfortunately, right now we have a little bit of both!