Tuesday’s bond market has opened in positive territory following the long weekend for bonds. The stock markets are mixed after yesterday’s sell-off that pushed the Dow lower by over 600 points. During early trading the Dow is down 4 points while the Nasdaq is up 44 points. The bond market is currently up 6/32 (3.16%), which should improve this morning’s mortgage rates by approximately .125 of a discount point if comparing to Friday’s morning pricing.
30 yr - 3.16%