Stocks are relatively quiet at the open today. The only news scheduled for release was the Empire Manufacturing Index, and it came in at its lowest level in almost 3 /12 years. There seemed to be more excitement from consumers as the Iphone 5’s debut, setting a record of 2 million sales in just 24 hours. It was also said that the Iphone alone could help GDP by .5%. Mortgage bonds are higher this morning as investors are concerned about anti American tensions spreading to more countries, as well as the Israel/ Iran conflict. Oil prices are close to $100 a barrel as any type of outbreak could quickly get out of hand and cause oil to spike quickly. We will advise locking in at these all time low rates.