Wednesday’s bond market has opened in positive territory following favorable economic news. Stocks are showing moderate losses of 46 points in the Dow and 82 points in the Nasdaq. The bond market is currently up 18/32 (3.46%), which should improve this morning’s mortgage rates by approximately .375 - .500 of a discount point. Part of this morning’s improvement is a result of another afternoon rally in bonds yesterday.
30 yr - 3.46%