Wednesday 10/29 ... Selling Briefly Dominates

Too soon to tell for sure, but we've given back about 7 ticks in the last 10 minutes.

If lenders priced at the highs of the morning, there's a chance of a reprice for the worse, but not a large one for most lenders.

We'll keep you posted if the selling continues.

We just touched 98-01 in 5.5's but are already back up to 98-03 which is 13 ticks up on the day.