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Market Commentary go to market commentary

Updated on August 28, 2015 10:34:33 AM EDT Friday’s bond market has opened in positive territory with stocks in negative ground and today’s economic data showing favorable results. The Dow is currently down 57 points while the Nasdaq has lost 9 points. The bond market is currently up 13/32 (2.14%), which should improve this morning’s mortgage pricing by approximately .125 of a discount point.
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Yesterday’s 7-year Treasury Note auction was received better than Wednesday’s 5-year Note sale. The benchmarks used to gauge investor demand indicated a stronger level of interest in the securities. That helped boost bond prices during afternoon trading but it was not enough of a move to cause most lenders to revise rates lower intraday.

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