Stocks are gaining optimistic momentum and the yield curve is moving steeper as TSYs sell off. Consequently MBS prices have fallen to the lows of the day....

I will update if a recovery ensues......99-23 is our long term price floor/support. If you have been riding out this recent wave of aggressive pricing, taking some profits is recommended as we near the end of the current trend channel.

Manage your pipeline like a portfolio...GUTFLOP!