Fannie 3.5's are up to 102-21 (still 1 tick down on the day, but well off earlier lows at 102-13). This has been enough for one lender to reprice for the better, but we probably won't see too many more unless we see further gains, or if current levels hold very flat for the rest of the day. Even then, it's the "further gains" thing that we really need.

10yr yields are off their highs and managed to make it through the previously discussed pivot point (active analysis on the 10yr chart) just over 2.06 and are currently trying to hold the same level as a supportive overhead ceiling. Just as breaking the pivot the first time was a positive for MBS, so too would be 10's potential ability to hold it now as support.