After the initial knee-jerk following NFP this morning, MBS took a stab at getting appreciably above 102-00. A few lenders that had released more conservative rate sheets earlier subsequently repriced for the better. Fannie 3.5’s got as high as 102-06 but have since fallen back to 102-00, which is the most frequented level since 10am.
That being the case, a few additional lenders might reprice for the better–more and more likely as MBS rise above 102-00, less and less so, should they fall lower than 102-00.
Again, the only really meaningful market moving event on the horizon is the Greek confidence vote, but as far as we know right now, that won’t occur until after market hours.