Graph and Comment to Follow.

The Ultra-Conservative play is to lock if you just got a price improvement (and I know some of you did).  That particular lender's rate sheet has a significant amount of the market's gains priced in.  And as it was released about 30 minutes ago, it has not accounted for our digression from the upward trend here late in the day.  Sure, rates will "probably" continue to improve this week, but it's a tempting proposition nonetheless.