although 6.0's are holding relatively unchanged, we have seen selling pick up in 5.5's recently. More aggressively priced lenders may view this as cause for a reprice. And if they do so, your entire rate spectrum could be affected even though 6.0's and 6.5's haven't moved enough to justify a reprice.

Just more of a heads up than anything for those most timely and sensitive of deals.

5.5's are down 5 ticks on the day at 97-14+ and 6.0's are down 3 ticks on the day at 99-23, which coincides with their support level we mentioned earlier today.