Thursday’s bond market has opened in negative territory, giving back some of yesterday’s late rally. Stocks are flat with the Dow down 15 points and the Nasdaq up 27 points. The bond market is currently down 10/32 (1.11%) but strong gains yesterday afternoon should push this morning’s mortgage rates lower by approximately .125 of a discount point. If you saw an intraday improvement in rates Wednesday afternoon, you may see a slight increase in this morning’s pricing.
30 yr - 1.11%