Friday’s bond market has opened in positive territory, recovering a good portion of yet another afternoon sell-off in mortgage securities yesterday. Stocks are mixed during early trading with the Dow down 198 points and the Nasdaq up 3 points. The bond market is currently up 11/32 (1.49%), but Thursday’s afternoon losses are going to cause this morning’s mortgage rates to be higher than yesterday’s early pricing by approximately.125 - .250 of a discount point. As bonds tanked, many lenders revised pricing higher before closing. If you did see an intraday increase Thursday afternoon, you should see a noticeable improvement in this morning’s pricing.
30 yr - 1.49%