Ok, folks, I would definitely suggest locking all of your loans today if you haven't done so already!  Here's the update:

Stocks are increasing a little which continues yesterday's recovery with the Dow up about 49 points, and the Nasdaq about 20 points up.  Today, the bond market is a little stagnant due to hesitation from investors and growing anticipation of this week's news releases.  So, the bond market is currently down by about 2/32.  You are probably going to see a similar pricing situation that you saw yesterday since there really hasn't been significant news or changes.

As mentioned yesterday, the Existing Home Sales of September will be released tomorrow morning. The estimate for the publication is yet another decline in the housing resales; which also points to a continuous weakening of the housing market.  Unless there is a significant difference in the reports from the estimates, this most likely will not affect our mortgage pricing tomorrow.

The Durable Goods Orders will be released for the Commerce Department for the month of September; this is the most relevant and pertinent data being released this week.  Here's how we could be affected:  Larger than anticipated increase means that rates will probably rise, and vica versa. 

The unemployment data is also scheduled for release on Thursday.  The second report on Thursday are the New Home Sales reports for September.  These really will not play a rold in the mortgage rates or bond markets.

The Treasury auction is also being held on Thursday; during this event,  5-year Notes will be sold. As mentioned yesterday, this auction will help measure investor interest in bonds. If the investor demand proves to be strong, we could see bond prices rise and rates decrease, and vica versa.  Look for this report on Thursday morning, and the mortgage rates should be changing based on this information in the afternoon.

So, with everything going on this week, I would lock up any loan that I have closing within 30 days.  I will most likely float the loans that are scheduled to close after the 30 day mark.  Best wishes, and good luck out there!