Thursday’s bond market has opened in positive territory with stocks showing early losses. The major stock indexes are in selling mode with the Dow down 115 points and the Nasdaq down 9 points. The bond market is currently up 10/32 (2.90%), but weakness late yesterday is going to keep this morning’s mortgage rates very close to Wednesday’s morning level. Some lenders revised pricing higher before the end of the day yesterday. Therefore, if you saw an upward revision to rates, you should see a similar improvement this morning.
30 yr - 2.90%