Tuesday 10/7 ... Late Day Weakness

Some lenders may react to this and some may not. We had some of our worst choppiness of the day in very close proximity to the close.

This brought 5.5's down to 100-18+ which is 10 ticks down on the day. It occurred so late in the day that some lenders will simply wait for tomorrow before pricing that into rates, whereas others may actually to a late day reprice.