Updated on October 6, 2015 10:09:15 AM EDT Tuesday’s bond market has opened in negative territory with stocks in positive ground and no data to drive trading. The Dow is currently up 78 points while the Nasdaq is up 1 point. The bond market is currently down 5/32 (2.07%), which should push this morning’s mortgage rates higher by approximately .125 of a discount point.
OpenClose Mortgage Software
Today has nothing of relevance set for release or taking place that is expected to influence mortgage rates. We can expect stocks to be the cause of an intra-day change to rates. If the major indexes extend this morning’s gains, I would not be surprised to see pressure in bonds that leads to a small upward revision to mortgage pricing later today. On the other hand, if this morning’s early stock gains dwindle, bonds could benefit, causing an improvement sometime this afternoon.