Monday’s bond market has opened in negative territory despite weaker than expected housing data and early stock weakness. The major stock indexes are showing moderate losses of 65 points in the Dow and 12 points in the Nasdaq. The bond market is currently down 6/32 (2.58%), which should cause this morning’s mortgage rates to rise approximately .125 of a discount point from Thursday’s early levels. The bond and mortgage markets were closed Friday for the Good Friday holiday.
30 yr - 2.58%