Wednesday’s bond market has opened in negative territory, extending overnight weakness. Stocks are in rally mode with the Dow up 381 points and the Nasdaq up 189 points. The bond market is currently down 7/32 (1.48%), which with Tuesday’s about-face after this report was posted, should cause an increase in this morning’s mortgage rates of approximately .375 - .500 of a discount point. If you saw an intraday revision yesterday, you may see little change or a slight increase this morning, depending on the size of yesterday’s revision.
30 yr - 1.48%