Monday’s bond market has opened in negative territory following some overnight weakness. Stocks are starting the week mixed with the Dow up 202 points and the Nasdaq down 30 points. The bond market is currently down 5/32 (1.59%), but another late rally Friday should allow this morning’s mortgage rates to be approximately .125 - .250 of a discount point lower than Friday’s early pricing. If you saw an intraday improvement Friday afternoon, you may see a small increase this morning.
30 yr - 1.59%