Wednesday’s bond market has opened well in negative territory again, due partly to overnight weakness and partly stronger than expected inflation news. Stocks are showing strong gains during early trading, pushing the Dow up 205 points and the Nasdaq up 170 points. The bond market is currently down 9/32 (0.67%), which along with weakness late yesterday should cause this morning’s mortgage rates to be approximately .250 - .375 of a discount point higher than Tuesday’s early pricing. If you saw an intraday increase late yesterday, you should see less of a move higher this morning.
30 yr - 0.67%