Tuesday’s bond market has opened in negative territory following mixed economic data. Stocks are showing losses of 188 points in the Dow and 23 points in the Nasdaq. The bond market is currently down 9/32 (4.64%), which should cause an increase of approximately .250 of a discount point in this morning’s mortgage rates.
9/32
Bonds
30 yr - 4.64%
188
Dow
38,197
23
NASDAQ
15,959