Tuesday’s bond market has opened well in positive territory, due to overnight gains and favorable economic news. Stocks are helping the cause also with early weakness that has the Dow down 165 points and the Nasdaq down 132 points. The bond market is currently up 16/32 (1.24%), but selling late in the day yesterday should keep this morning’s mortgage rates at Monday’s early levels. If you saw an increase before closing yesterday, you should see an improvement of the same amount this morning.
30 yr - 1.24%