Despite the big hurt, MBS have been in a fairly narrow trading range as they move up and down in the broader month over month type trading ranges.  This is usually indicative of stability.  Today was probably the worst example of that as we swung from 100-06 to 99-20, finally ending at 99-24 on 4.0's.  We'll get some meatier content out to you this weekend.  What do you want to talk about?  DURP coming up next week?  New Appraisal guidlines?  something else?  Post hot topics in the comments and we'll try to add those to our discussion.

Until then, here's a chart of MBS, DJIA, and 10yr TSY