Friday’s bond market has opened in negative territory, erasing a good part of yesterday’s surprise afternoon rally. Stocks are rebounding from their sell-off yesterday, pushing the Dow up 164 points and the Nasdaq up 36 points. The bond market is currently down 11/32 (4.00%), but that rally should still allow this morning’s mortgage rates to be approximately .125 of a discount point lower than Thursday’s early pricing. The change in this morning’s rates will depend on the size of the intraday downward revision you saw late yesterday.
11/32
Bonds
30 yr - 4.00%