Sadly, we've fallen from the highs, right back to the lows. See what I mean about volatility? Reprices for the worse are possible from any lenders that didn't hedge conservatively this AM.
The 4.5 had reached 101-27 at the highs and is now at 101-19. The 4.0 made it just over par and now back down to 99-26. You'd probably want to assume that these are levels that most lenders priced at this AM, and unless this trend continues downward, most probably will not reprice for the worse. Even as I type, we've ticked up 3. The swings will be big from here on out in the last hour.