The good news is that MBS prices rose this morning starting at about 10Am eastern.  The bad news is that several lenders released pricing at the top of the curve and now the curve is falling a bit.  We are down 5/32nds off the highs of the day which may lead some lenders to reprice .125 for the worse, especially if they previously came out with aggressive pricing or a mid-day price improvement for the better.  We will likely turn around and improve again considering the weak stock market today.  This down-tick is probably due to profit takers jumping in and selling their MBS holdings as prices climbed.