In what we would describe as a generally slow, dateless Monday trading session, the benchmark 10yr TSY note is at its lowest yield levels of the day and FNCL 4.5's near their highest price. In addition, we haven't seen as much of the moderate choppiness that was present this morning. 

This allowed a few lenders to reprice for the better recently, although in modest amounts, and we could see more lenders join them if current levels hold.

The first reprice for the better was seen over an hour ago, reported in real time on the MBSonMND dashboard which connects originators across the country.  If you'd like to find out more about becoming part of that community (or about just having access to the real-time data), visit THIS LINK.

Loan pricing improvements are not wide spread and the reprices are not aggressive. We're still priced best between 5.125% and 5.25% on C30 paper. "Rate sheet influential" MBS coupons are still red on the day.....