Treasury Auctions (5,7,10,20,30 year)
In addition to the above referenced data, there are also two Treasury auctions that have the potential to slightly influence mortgage rates. 5-year Notes will be sold Tuesday, followed by 7-year Notes Thursday. A strong demand for the securities could lead to slightly lower rates. Results will be posted at 1:00 PM ET, so if there is a reaction it will come during early afternoon trading those days.
Overall, Wednesday is the best candidate for most active day for rates, but we may see a noticeable move in pricing Thursday also. With so much going on this week, it is hard to label any day as least important. Don't be surprised to see multiple days with intraday changes in pricing due to morning and afternoon events scheduled three of the days. Accordingly, it would be prudent to keep an eye on the markets if still floating an interest rate and closing in the near future.