Good Morning on this best day of the week Wednesday from your Hometown lender,

No data to speak of today and the bond market is taking a bit of a breather at the resistance level of the current trading channel. The 10-yr is down to 4.29% today.

We have a few big data days to come.

Tomorrow brings Durable Goods, Unemployment Claims and GDP. Friday brings PCE. My gut is telling me that Durable Goods and Unemployment claims will be weak but GDP likely hotter than expected. PCE on Friday is another wild card as CPI was super strong two weeks ago. The data could all be soft and rates could improve from here, but it is tough to gamble on that. With the improvements we have seen, I think the better choice is to lock and float down on any improvement.

Realtor.com said listings are 25% higher than one year ago.

How about this? President Trump will offer US residency and a path to citizenship to investors who pay $5 million, offering a new avenue for legal immigration even as he cracks down on undocumented migrants. He said the program, dubbed the “gold card,” would launch in two weeks and offer green card privileges with the vetting. Commerce Secretary Howard Lutnick said it’ll replace the current EB-5 visas, which are available to people who spend about $1 million on a company that employs at least 10 people. Lutnick rolled out a comment that if just 200k people sign up (there are currently 250k people on the EB-5 list, that would bring in 1Trillion.

Stay safe and make today great.