Wednesday’s bond market has opened in negative territory, but we still should see an improvement in this morning’s rates. Stocks are showing early gains, pushing the Dow up 156 points and the Nasdaq up 13 points. The bond market is currently down 5/32 (1.63%). Strength late yesterday should allow this morning’s mortgage rates to be lower than Tuesday’s early pricing by approximately.250 of a discount point.
30 yr - 1.63%