After the Fannie and Freddie News (regulator lifted their investment caps), the MBS slipped about 5-7/32nds across the board.

They have recouped most of those losses and since those losses were from their highest point of the day, that leaves us in great territory for the day.

Keep in mind that today can be quite volatile, but as of now, keep floating as many lenders will be releasing reprices for a slight improvement.