Updated on October 21, 2016 10:12:19 AM EDT
There is nothing of importance scheduled for release today in terms of economic news. That should leave the bond market subject to any Fed speech surprises or noticeable moves in stocks. The Fed speaking engagements are of little concern to me, so if we see mortgage rates make an intraday revision today, it will likely be in reaction to a stock move. Weaker stocks usually help boost bond prices and lower mortgage rates. On the other hand, if stocks rebound, bonds may give back early gains and possibly lead to an upward revision to rates before the end of the day.