This week marked the return of delayed economic data from the government shutdown. Specifically, we received the important jobs report that was set to come out in early October.
Source: Kevin Litwicki MBSLIVE
Jobs Report and Stock Losses Help Rates Hold The Range

After the longest shutdown in history the U.S. government reopened on Thursday. As expected, this has added a bit of upward pressure for rates.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Near 2-Month Highs; What to Expect With Gov Reopening; What's up With 50yr Mortgage News?

Rates are dictated by bonds and bonds take cues from economic data. But during the shutdown, the most important data has been on hold. This week brought a rare concentration of non-government data to help bridge the gap and bonds were more than willing to respond.
Source: Kevin Litwicki MBSLIVE
A Rare Week of Data Brings Friends and Foes For Rates