Thursday’s bond market has opened up slightly despite mostly unfavorable economic headlines. Stocks are in positive ground also with the Dow up 86 points and the Nasdaq up 62 points. The bond market is currently up 1/32 (4.63%), which with yesterday’s post-FOMC rally in bonds should improve this morning’s mortgage rates by approximately .250 - .375 of a discount point. If you saw an afternoon intraday improvement in rates late yesterday, this morning’s pricing should be nearly unchanged.
1/32
Bonds
30 yr - 4.63%
86
Dow
37,989
62
NASDAQ
15,667