Monday’s bond market has opened in negative territory despite quite favorable economic data. Stocks are starting the week in negative ground also with the Dow down 80 points and the Nasdaq down 1 point. The bond market is currently down 8/32 (1.60%), which with late weakness Friday should cause this morning’s mortgage rates to be approximately .250 - .375 of a discount point higher. If you saw an intraday upward revision Friday afternoon, you should see a smaller increase this morning.
30 yr - 1.60%