Mortgage backed securities have managed to claw their way back to where they closed yesterday. In the face of a booming stock market and a big treasury sell off, mbs held up great today!!!! We still have an hour or so of trading left and things can change. I did receive a reprice for the better from 1 lender today. There is a chance that other lenders will follow suit but not the greatest of chances as it is late on Friday and lenders will probably hold off on passing along any gains until Monday.
Hope everyone has a great weekend and lets hope we start off next week with mortgage backed securities in the green.(that means lower mortgage rates) :)