Thursday’s bond market has opened well in negative territory, erasing yesterday’s gains and then some. Stocks are showing early strength with the Dow up 244 points and the Nasdaq up 93 points. The bond market is currently down 16/32 (3.47%), which will push this morning’s mortgage rates higher than yesterday’s early pricing by approximately .250 of a discount point. If you saw an intraday improvement before closing Wednesday, you will likely see a larger increase this morning than those who did not get a revision.
30 yr - 3.47%