More details to follow, but prices are dropping again.

Mid-day price worsening becoming more likely. 


What is not evident from the publicly available news and economic headlines is why we've seen so much selling today.  Basically analysts are turning sour to a certain extent on mortgages believing that the major buyers of MBS like Fannie/Freddie and large banks/brokerages will be lowering their demand in favor of dealing with financial losses and capital issues.