Monday’s bond market has opened in negative territory following overnight selling and stronger than expected economic news. Stocks are showing minor losses, pushing the Dow lower by 40 points and the Nasdaq down 50 points. The bond market is currently down 8/32 (3.16%), which should cause this morning’s mortgage rates to be higher than Friday’s early pricing by approximately .125 of a discount point.
8/32
Bonds
30 yr - 3.16%
40
Dow
31,460
50
NASDAQ
11,557