MBS prices have improved off their morning lows....here is a pretty picture of the bounce....

Current Pricing:

FN 4.5: -0-04 at 101-04

FN 5.0: -0-05 at 101-24

FN: 5.5: -0-06 at 102-05

FN 6.0: -0-05 at 102-18

Lenders may be slow to price this morning, those who priced around 830 will be strongly considering the prospects of a reprice for the better

Got some good comments after Matt's morning post, thank you for the input everyone. Before we elaborate any further into the end of this year and the prospects for next year I would like to post a "question of the day"...

Besides the end of year illiquidity....What is the main indicator telling us that the year's best rates are behind us?

HERE IS A HINT: STOP, DROP, AND ROLL!!!!