Overall, Friday is the most important day of the week with three pieces of data being released, but Wednesday may also be pretty active. The calmest day for rates day will probably be today or Thursday. Last week’s bond rally pushed the benchmark 10-year Treasury yield below a key level of 2.25% before inching back to it. If it breaks above, there is a high probably of it and mortgage pricing moving noticeably higher. On the other hand, if that level holds, there is room for further improvements in rates. The next couple of days will tell which direction we are likely headed. Accordingly, please proceed cautiously if still floating an interest rate and closing in the near future as we could see a noticeable move either direction this week.