Just a heads up as the 10 year note has taken a turn for the nurse, now off 13/32’s.  The 30 year bond is down 23/32’s as well, both products of a stock market that’s revved it up a bit.  The Dow is up 180 points while the Naz is plus 44 points.  Mortgage backs are holding steady albeit off 2/32’s.  Typically, if the 10 year note holds at current lower levels, mortgage backs are bound to “catch up.”