Different day - same story.

Other than the initial jobless claims data for the week ended December 25th due out tomorrow morning - this week's economic calendar is completely void of anything that might cause a stir in the mortgage market.


Uncle Sam will wrap-up the last of his three-part auction schedule this week with today's sale of $29 billion worth of 7-year notes. The auction will conclude at 1:00p.m. ET.


If today's 7-year note auction is reasonably well-bid -- look for this event to be supportive of the prospects for steady to perhaps fractionally lower mortgage interest rates.