Friday’s bond market has opened in negative territory, erasing gains from mid-day yesterday. Stocks are showing strength, pushing the Dow up 94 points and the Nasdaq up 134 points. The bond market is currently down 13/32 (3.77%), which will cause this morning’s mortgage rates to be approximately .125 of a discount point higher than Thursday’s early pricing. If you saw an intraday improvement yesterday, you should see a larger upward move in this morning’s pricing.
30 yr - 3.77%