Friday’s bond market has opened in negative territory even though this morning’s sole relevant economic report gave us favorable results. Stocks are fairly calm but mixed with the Dow up 36 points and the Nasdaq down 19 points. The bond market is currently down 5/32 (4.39%), which with yesterday’s late selling should push this morning’s mortgage rates higher by approximately .250 of a discount point. If you saw an intraday increase yesterday, you should see a smaller rise this morning.
5/32
Bonds
30 yr - 4.39%
36
Dow
39,905
19
NASDAQ
16,678