Friday’s bond market has opened in positive territory despite unfavorable economic news. Stocks are also looking to close the week with gains, pushing the Dow up 97 points and the Nasdaq up 94 points. The bond market is currently up 10/32 (2.85%), but heavy selling yesterday afternoon is going to cause this morning’s mortgage rates to be approximately .250 of a discount point higher than Thursday’s early pricing. If you saw an intraday increase before closing yesterday, you should get part of that upward move back in this morning’s rates.
30 yr - 2.85%