OK so where are we? Well the MBS markets are showing strength this morning again on the jobs data that was just released. Look for additional positive mortgage rates decreases today. For those of you who still think things will get better as far as mortgage rates I have a word of advice: At this time I have 37 mortgage application in process and only a few are locked, I plan of taking the rest of today and locking in what my clients have and want. Remember that mortgage application process is not a 1 week event. If you think things will improve even further get the loan application process started and wait for the rate you want. Extended locks such as 60 days cost more than say a 10 day lock. If you’re looking to refinance or purchase within the next 2 months you should get going.