Monday’s bond market has opened in positive territory to start the week with a slight improvement in rates. Stocks are also showing early gains, pushing the Dow up 99 points and the Nasdaq up 31 points. The bond market is currently up 7/32 (4.47%), which should improve this morning’s mortgage rates by approximately .125 of a discount point if compared to Friday’s early pricing.
7/32
Bonds
30 yr - 4.47%
99
Dow
39,611
31
NASDAQ
16,372