Thursday’s bond market has opened well in negative territory as this week’s rollercoaster ride continues. Stocks are showing significant losses with the Dow down 597 points and the Nasdaq down 361 points. The bond market is currently down 14/32 (3.79%), which should erase most of yesterday’s intraday rally. Most, if not all lenders revised rates lower at least once before closing yesterday. This morning’s losses will reverse that rally, leaving mortgage rates close to Wednesday’s early pricing. How much of an increase you may see today depends on how much of a change you saw late yesterday.
30 yr - 3.79%