Wednesday’s bond market has opened in negative territory despite quite favorable economic news. Stocks are mixed again with the Dow down 110 points and the Nasdaq up 77 points. The bond market is currently down 13/32 (4.28%), which should push this morning’s mortgage rates higher by approximately .125 - .250 of a discount point.
13/32
Bonds
30 yr - 4.28%
110
Dow
44,384
77
NASDAQ
20,280