Tuesday’s bond market has opened in negative territory, extending the upward trend in yields. Stocks are mixed with the Dow down 79 points and the Nasdaq up 2 points. The bond market is currently down 10/32 (4.42%), which should push this morning’s mortgage rates higher by approximately .250 of a discount point.
10/32
Bonds
30 yr - 4.42%
79
Dow
44,327
2
NASDAQ
20,415