We have seen reprices for the better from many of the major lenders this afternoon as the MBS market posts gains for the first time in five days... Up 7 ticks on the day, apparently investors found some comfort on our market as treasury's sank after the release of Fed comments.
Despite these short term gains, our outlook is still conservative under the looming withdrawal of the Fed from the MBS market. Take while the taking is good. Lock your rate before these gains are lost.
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