Wednesday’s bond market has opened in negative territory due to overseas economic news that raised inflation concerns on the global scale. Stocks are showing early losses with the Dow down 134 points and the Nasdaq down 105 points. The bond market is currently down 22/32 (2.88%), which should lead to an increase of approximately .250 of a discount point in this morning’s mortgage rates.
22/32
Bonds
30 yr - 2.88%
134
Dow
34,017
105
NASDAQ
12,997