Tuesday’s bond market has opened flat with little to drive trading. Even stocks are mixed but calm with the Dow up 46 points and the Nasdaq down 43 points. The bond market is currently unchanged from yesterday’s close (1.42%). We saw some volatility late yesterday, causing some lenders to revise pricing higher before improving them as mortgage bonds rallied at the end of the day. The net result should be this morning’s rates being very close to Monday’s early pricing.
30 yr - 1.42%