Friday’s bond market has opened in negative territory, taking back a good part of Wednesday’s afternoon rally. Stocks are mixed with the Dow up 147 points and the Nasdaq down 36 points. The bond market is currently down 20/32 (3.73%), but gains late Wednesday should still allow for this morning’s mortgage rates to be lower by approximately .125 of a discount point. If you saw an intraday improvement Wednesday, you may see a larger increase in this morning’s pricing. The markets were closed yesterday for the Thanksgiving Day holiday.
30 yr - 3.73%