Overall, Friday is the most important day of the week with three reports scheduled. However, as we saw last week, the markets can get volatile at any time. Stocks will also help dictate bond direction this week. If stocks extend Friday’s big sell-off that pushed the Dow lower by 460 points, bonds and mortgage rates may start the week with further improvements. Bonds did give back a bit of Friday’s early strength before closing, meaning unless we see a noticeable move in bonds tomorrow, we should see a slight increase in rates. This could be the start of a very active and volatile period for the markets. Therefore, please maintain contact with your mortgage professional if closing in the near future and still floating an interest rate.