Question-and-Answer Session
Operator
Thank you. (Operator instructions).
Our first question comes from Mike Widner of Stifel Nicolaus. Please go ahead.
Mike Widner -- Stifel Nicolaus
Good morning, guys. I was just wondering if you could comment on -- you mentioned the kind of challenging environment out there for MBS, but I was just wondering if you could talk a little more about what exactly you have bought subsequent to the quarter and what you are seeing out there as far as things that are most attractive. I mean, you are pretty concentrated in interest-only hybrid ARMs right now kind of five-year five ones. Is that the same kind of stuff, are you looking at other things, are you kind of seeking other options?
Bill Gibbs
Hi, Mike, this is Bill.
We are still looking in that five one sector and I -- prices have, when season papers counted out and away from the market in terms of high dollar prices in the $105 to $106 range, so we have been primarily, as Ben mentioned, focusing on the TBA market, and we think there is still a lot of spread.
We are looking right now at current TBAs, getting those yields in the neighborhood about 365. There are a current mix of costs with funds, about 38% hedged out and the balance in 30 days, 60 day repo. That gives us a net interest spread of about 280 basis points. We feel it makes a lot of sense to try to maintain discipline in terms of dollar price. With those kind of net interest spreads, we think they look very attractive.
Mike Widner -- Stifel Nicolaus
And so just to be clear then, you would be buying those kind of lower on the coupon stack, but closer to a $101 kind of handle and that makes more sense?
Bill Gibbs
Correct.
Fred Boos
For reference, this is Fred. And also, the origination volume, as we all know, is concentrated in that five one sector, probably about 70% of the issuance out of Fannie and Freddie is the five one sector.
Mike Widner -- Stifel Nicolaus
Got you. And so it doesn't sound like you are doing much in kind of the other 15 year or -- 15 year fix that is, or any other sort of more niche type markets?
Fred boos
No.
Mike Widner -- Stifel Nicolaus
Okay. And then just one final question. You mentioned adding some swaps. How about the availability of the extended duration repo? Are you guys looking at that at all, and how is the pricing on that front?
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