Tuesday’s bond market has opened in negative territory following the release of this morning’s key inflation data. Stocks are mixed with the Dow down 162 points and the Nasdaq up 132 points. The bond market is currently down 6/32 (4.45%), which should cause an increase of approximately .125 - .250 of a discount point in this morning’s mortgage rates.
6/32
Bonds
30 yr - 4.45%
162
Dow
44,297
132
NASDAQ
20,772