Tuesday 10/21 ... Flirting With Weakness

We're now at the upper range of the reprice risk zone with 5.5's at 100-14+. For those of you with short term deals, it's not a bad idea to consider where you stand against the possibility that the MBS market will not be able to string together any more gains tomorrow.

Granted, in this market, anything can happen, but a lock now takes the risk out of the market. If you have plenty of time to wait on deals however (weeks not days), floating is still acceptable.