Thursday’s bond market has opened in positive territory despite stronger than expected results in this morning’s minor reports. The major stock indexes are showing losses with the Dow down 11 points and the Nasdaq down 42 points. The bond market is currently up 4/32 (2.25%), which should recover part of yesterday’s afternoon increase in mortgage pricing. Many lenders revised rates higher by .125 of a discount point after the FOMC meeting adjourned. If your lender was included in that group, then you should see a slight improvement this morning, leaving rates just a tad higher than Wednesday’s morning pricing.
30 yr - 2.25%