This alert won't apply to most lenders, but for the few who generate their first rate sheets of the day by 8:30am-ish, negative reprice risk is already increasing.  

10yr yields are now up 6bps at 2.455 and Fannie 3.5s are down nearly 3/8ths of a point at 101-30.  Lenders who priced early are already seeing an eighth of a point of weakness from rate sheet print times.  

Most lenders will have priced conservatively enough to avoid repricing.  Risks will increase if we lose ground from here.  Fannie 3.5 prices of 101-28 or below would be of more concern than the current weakness.