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Market Commentary go to market commentary

Updated on September 30, 2014 11:16:14 AM EDT
OpenClose Mortgage Software

Tuesday’s bond market has opened down slightly following much weaker than forecasted economic news. The stock markets are flat with the Dow and Nasdaq both just a couple points from yesterday’s closing levels. The bond market is currently down 3/32 (2.49%), which should push this morning’s mortgage rates higher by approximately .125 of a discount point.

Market Snapshot go to market snapshot

Weekly Indices  
   this week last week
6 Month CD   0.030 0.030
1 Year T-Bill  
2 Year T-Note   0.583 0.590
3 Year T-Note  
5 Year T-Note   1.773 1.796
10 Year T-Note   2.505 2.530
30 Year T-Bond   3.208 3.217

Mortgage  this week last week
30yr Conf Ntl Avg   4.200 4.200
15yr Conf Ntl Avg   3.360 3.360

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