Friday’s bond market has opened in negative territory despite little to drive trading this morning. Stocks are also showing losses with the Dow down 50 points and the Nasdaq down 61 points. The bond market is currently down 12/32 (3.75%), which should push this morning’s mortgage rates higher by approximately .250 of a discount point.
12/32
Bonds
30 yr - 3.75%
50
Dow
41,974
61
NASDAQ
17,952