5.5% coupon about 10 ticks lower in the last 10 minutes.  You may not need to lock just yet, but be aware of the downswing.  Certain lenders have not even repriced the initial improvements into rates yet.  But have lock sheets at the ready if you do decide to float.  If you can't afford to take a risk with current pricing, it could be time to lock.

Stay Tuned...