looks like floating was a good idea

potential reprices for the better now.

in additional news the FHLB is working on a proposal to allow greater investment into MBS.  This news is not out yet, but stay tuned for more details.

 The Dow tanked, which, as discussed would be a likely indicator for a bit of a benefit in rates today.

So MBS's are on the rise.  If you think tomorrows data will be weak, keep floating.  If you think employment will be better than expected or that the Philly Fed survey won't be as bad as the NY manufacturing survey earlier this week, then lock tonight as late as possible.