From Matthew Graham at Mortgage News Daily: Mortgage Rates Edge Higher But Remain in November Range
Bond markets are closed tomorrow for Veterans Day. When markets reopen on Wednesday, the prospects for ending the government shutdown may be coming into clearer view and that could cause enough market volatility to spill over into rates. If today’s trading was any clue, a “reopening” event is more likely to put upward pressure on rates, but today’s rate increase could already be reflecting those expectations. [30 year fixed 6.34%]
emphasis added
Tuesday:
• Veterans Day Holiday: Most banks will be closed in observance of Veterans Day. The stock market will be open.
• At 6:00 AM ET, NFIB Small Business Optimism Index for October.