Although we are looking at what appears to be a slightly improving trench channel, there is probably not enough data to sustain it for much longer (barring an equities-unfriendly news item, or something else that creates negative momentum for stocks).

Whatever the case, as of late, we've been holding up between 2 and 3 ticks on the day.  The simple fact that Friday's gains held through the open should be good enough to be seeing some improved rates this morning.  Feel free to keep floating intraday and reassess your rate sheets before lock cutoff. 

I've been told that certain "other" MBS services advised locking Friday night as profit-taking would likely come into play and lead to a bad monday. 

 hmmm...