Treasury Auctions (5,7,10,20,30 year)
We also have the 5-year Treasury Note auction taking place today that may slightly influence mortgage rates this afternoon. This sale is not likely to cause a big move in rates, but we could see the broader bond market react enough to cause a small move in mortgage pricing. A strong demand for the securities could help lower rates. Results will be posted at 1:00 PM ET, so if there is a reaction, it will come during early afternoon trading.