Bonds recover much of post-Fed sell-ff overnight, but mostly in the long end. 2yr yields lost more ground. 10yr yields are down 5bps at 4.446. MBS are up just under a quarter point.
MBS up 9 ticks (.28) and 10yr down 6.3bps at 4.434
MBS up 5 ticks (.16) and 10yr down 4.2bps at 4.454
MBS are still up 5 ticks (.16) on the day but down 7 ticks (.22) from intraday highs. Reprice risk isn't extreme by any means, but it can't be ruled out for jumpier lenders. If you were already planning on locking today and just waiting to see if there would be a positive reprice, there's no longer much sense in waiting.