Thursday’s bond market has opened in positive territory despite strong gains in stocks and unfavorable economic news. Stocks are rallying during early trading, pushing the Dow higher by 411 points and the Nasdaq up 197 points. The bond market is currently up 8/32 1.67%, but weakness late yesterday is still going to cause a small increase to show in this morning’s mortgage rates. If you saw an intraday upward revision Wednesday afternoon as the bond selling picked up momentum, you should see an improvement in pricing this morning.
30 yr - 1.67%