Tuesday’s bond market has opened well in negative territory, erasing yesterday’s afternoon rally. Stocks are showing strong gains during early trading and likely are contributing to this morning’s pressure in bonds. The Dow is currently up 357 points while the Nasdaq has gained 112 points. The bond market is currently down 16/32 (0.89%), but strength late Monday should help keep this morning’s mortgage rates close to yesterday’s early pricing. Many lenders revised rates lower intraday as bonds rallied yesterday afternoon, meaning if you saw a change before closing, you likely will see an increase this morning by the same amount.
30 yr - 0.89%