Tuesday’s bond market has opened in negative territory due to overnight losses and unfavorable economic news. Stocks are showing early losses, pushing the Dow down 55 points and the Nasdaq down 166 points. The bond market is currently down 14/32 (2.79%). However, gains late yesterday are going to limit this morning’s increase in mortgage rates to just a slight move. If you saw an intraday improvement in pricing Monday, you will see a much more noticeable increase this morning.
30 yr - 2.79%