MBS very volatile today due to all the reports.
The New Home sales dropped 11.3% in November to 355K as opposed to the 438K that was expected, and while this helped MBS, the Treasury is now going to auction off $122B instead of the $118B that was expected, so this brought them back down.
If you have a new transaction in the works today, I’d go ahead and just lock it and play it safe.
