Thursday’s bond market has opened in negative territory despite quite favorable economic data. Stocks are showing early gains with the Dow up 158 points and the Nasdaq up 30 points. The bond market is currently down 10/32 (1.26%), which should keep this morning’s mortgage rates close to Wednesday’s morning pricing. If you saw an intraday improvement after the FOMC events yesterday, you will likely see that gain reversed in this morning’s rates.
30 yr - 1.26%