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There is no relevant economic data scheduled for release today. The rest of the week brings us four reports that could affect mortgage rates, none of which are considered to be key releases. We also have an afternoon filled with Fed FOMC events midweek that will likely cause plenty of volatility. While the data probably will not influence rates heavily, the Fed events could help reverse the negative momentum in bonds and mortgage pricing. Or, possibly cause another leg higher. In other words, despite the lack of key data, it still is going to be a highly important week for the markets.