Wednesday’s bond market has opened in negative territory, extending yesterday’s late weakness. Stocks are showing fairly minor losses of 15 points in the Dow and 56 points in the Nasdaq. The bond market is currently down 8/32 (4.48%), which should push this morning’s mortgage rates higher by approximately .125 of a discount point.
8/32
Bonds
30 yr - 4.48%
15
Dow
38,868
52
NASDAQ
16,280