11/20 ... Downward Pressure Continues

By: Victor Burek

As the Dow is moving into postive terrority, it is at the expense of mbs.  Currently the 5.5 is at 100-07+ which is still up on the day by 6 ticks but well off the highs.

 

If you lender was very aggressive with their rates this morning, they may consider a .125 to the worse reprice.