Monday’s bond market has opened in negative territory even though stocks are relatively calm and this morning’s big economic report nearly matched expectations. The major stock indexes are currently showing minor gains of 49 points in the Dow and 38 points in the Nasdaq. The bond market is currently down 10/32 (0.68%), but decent gains late Friday should keep this morning’s mortgage rates close to Friday’s early pricing. Many lenders improved pricing late Friday as bonds rallied. If you saw an afternoon improvement Friday, you likely will see an increase by the same amount this morning.
30 yr - 0.68%