Monday’s bond market has opened in positive territory despite stocks being mixed and little to drive trading this morning. The Dow is currently up 56 points while the Nasdaq is down 8 points. The bond market is currently up 6/32 (2.04%), but we still should see an increase of approximately .125 of a discount point in this morning’s mortgage rates if comparing to Friday’s early pricing. This is due to afternoon selling Friday. If you saw an upward revision intraday Friday, you may not see another change this morning.
30 yr - 2.04%