Rough Week for MBS bonds

         MBS Market -  MBS  bonds had another rough week.  Last Friday the 3.0% coupon bond closed at 101.625.  At one point Friday afternoon the bond was down to 100.00 even before bouncing off support and closing at 100.66.  This time the effect of those huge drops off really shows in the interest rate pricing.  With little resistance below, we are calling for locking in the short term.