The bond market and mortgage rates have been on the move lower recently after hitting longer term highs at the end of July. Today offered a break from the recent movement with bonds and rates holding perfectly flat day-over-day. The upside is that this means it's yet another day spent at the lowest levels in more than 2 weeks.  The average top-tier 30yr fixed rate remained at 6.75%.  Flat oil prices helped facilitate the flat bond market performance.  Risks and opportunities remain in the coming days. If a Hormuz transit agreement is confirmed, rates could certainly fall.  If fighting breaks out again, rates could move higher. Friday's jobs report represents similar "either/or" risks depending on the outcome of the data.