Tomorrow has nothing of importance scheduled, which could be troublesome for rates. We really need to see some weaker economic data to stop this upward trend in bond yields and mortgage rates. The last time we saw the 10-year Treasury Note yield at its current level was three months ago. There is a bit of resistance at the point it is now, but a failure to retreat back lower makes 1.61% a real possibility in the near future. Since mortgage rates tend to track bond yields, this would be bad news for mortgage shoppers. A day without the opportunity to get weaker data is a day for yields to move a little higher.