Friday’s bond market has opened relatively flat following mixed economic news. Stocks are in rally mode this morning with the Dow up 599 points and the Nasdaq up 291 points. The bond market is currently down 1/32 (3.09%), but weakness late yesterday is going to cause this morning’s mortgage rates to be higher by approximately .250 of a discount point.
1/32
Bonds
30 yr - 3.09%
599
Dow
31,277
291
NASDAQ
11,542