MBS ALERT: Freefall

We'll let you know if this turns around, but in 1 minute since statement, we're in a freefall.  As of current numbers, reprices for the worse will be on the way to the tune of over half a point.  It's not uncommon however for big moves like this to turn around very quickly.  Act according to how fast you think the lenders you're working with may reprice.