MBS continues to prove its resilience to the stock lever as equity indexes have gone negative for the day.

APRIL FN30_______________________________

FN 4.0 -------->>>> -0-03 to 99-01 from 99-04

FN 4.5 -------->>>> -0-02 to 101-02  from 101-03

FN 5.0 -------->>>> +0-01 to 102-10 from 102-09

FN 5.5 -------->>>> +0-00 to 102-30 from 102-30

FN 6.0 -------->>>> +0-00 to 103-18 from 103-18

When deciding whether to lock or float keep in mind when MBS prices reach lofty prices profit taking is encouraged and originator selling is an excuse to allow bids to slide a few ticks. If lenders recieve unfavorable demand they may pass along additional costs to you in rate sheets.