Interest rate movement has been of the whip saw variety with follow through selling early this morning on technically bearish behavior (yesterday). Unemployment Claims falling 29k added to the pressure. Then came the Philly Fed Index and Existing Home Sales, both of which were weak at best. That fundamental news reversed the selling and took the market back to unchanged. Current conditions have slipped to somewhere in the middle with current coupon mortgage pricing off 7 to 8 32's. 10 year notes are off 10/32's to yield 3.21%. You can see just how volatile and sensitive the market can be, moving from 3.09% to 3.23%(high yield today) in 24 hours. Caution is advised of increasing rates call me to lock in today.