Overall, Thursday is the best candidate as most important day for rates while the calmest could be tomorrow. We saw a nice move lower in bond yields last week that led to improvements in mortgage pricing even though stocks rallied. The benchmark 10-year Treasury Note yield closed the week at 1.83% and is currently at 1.80%. If the trend continues and the 10-year breaks below 1.78%, we could see another leg lower in yields and mortgage rates. Until that level is broken though, it is prudent to watch the markets if still floating an interest rate and closing in the near future because failing to break below could mean an upward bounce in yields and rates are likely.