MBS ALERT (3): I've fallen and am undecided as to getting back up.
By:
Matthew Graham
•
Boy Howdy! We are just right on the edge! We fell just past the icy cliffs, but are grasping at branches on the way down. At one point the 5.0 did sell to 102-00, but now is back to 102-02 with 2 bids again. The 4.5 was down to 101-10 but is now back to 101-14.
Again, if you already have rates (as of 9:15 AM eastern), I'd lock, but it looks like the bottom might be in for this morning. Ha! Who knows on a day like today. We'll see shortly.
Oh hey! 5.0's just ticked up to 102-03 as I was typing.