Thursday’s bond market has opened up slightly following mixed economic data. Stocks are also mixed with the Dow down 202 points and the Nasdaq up 30 points. The bond market is currently up 3/32 (3.60%), but a strong afternoon rally yesterday is going to cause this morning’s mortgage rates to be significantly lower than Wednesday’s morning pricing. As bonds rallied late in the day, many lenders made an intraday improvement to rates while some made multiple adjustments. The improvement you see this morning depends on the size and number of revisions made late Wednesday.
30 yr - 3.60%