SD Realtor, you’ve never seen price declines of 0.03% to 0.04% in a single day? Swings of an 1/8 of a point at individual lenders are common, at the least they adjust by a 1/16 at a time, but mostly they adjust by a minimum 1/8 and move points around to make up any difference. If you look at the charts I attached earlier the shape of the declines (rate of decline) are not much different than those shown earlier in the year. The interesting thing the charts show is that mortgage rates seem to lead treasury rates down rather than follow them, except in the lates decline of course! Note that this may be caused by the different timing for treasury data vs. Mortgage (weekly for treasuries, daily for mortgages).