This morning, the bond started off in the positive and kept going, closing up +56 basis points. 

As you can see in the chart below, the long blue line indicates the bond’s 200 basis point drop from March 18 to April 5th.
The Treasury auction today was well received and there were no surprises from the Federal Reserve testimony, either of which could have turned the markets quickly.  In the last two days, we have recovered about 70 basis points from our April 5th low. 

Although this looks like a great trend for lower rates, we are cautiously optimistic.  There is a ceiling of resistance the bond will have to break above that is at 100.15, just 9 basis points away.  If we can break above that and hold, that will be good news.  If it tests and falls back, we could see the bond start to fall or stay in the current range. 

Either way we look at it, rates are still great.  The question is, for how long? 
Right now, rates are at least .25% - .375% higher than they were on March 18th, and lenders are slow to improve rates but quick to raise them.

If you have not yet locked in these great rates, you may very well miss them.