Updated on September 29, 2016 11:01:10 AM EDT
We saw weakness in bonds late yesterday that caused some lenders to revise rates slightly higher intraday. Yesterday’s 7-year Treasury Note auction took place without much fanfare and was not what pushed bonds lower and mortgage rates higher. The sale appeared to draw an average level of investor interest. Not overly strong or soft. The downward move is extending into this morning’s trading.