The government shutdown continues to have a real impact on the market, creating uncertainty and limiting access to key economic data. Investors are watching closely as the 20-year bond auction takes place at 10 a.m. this morning. The level of demand in that auction will be a strong indicator of investor confidence and will directly influence rate movement.

If demand is strong, we could see yields (and therefore mortgage rates) improve slightly. However, if participation is weak, it may signal caution in the market and put upward pressure on rates.

Let’s not let the shutdown slow us down. the world keeps spinning and the rates are at their lowest point in two years.

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