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Market Commentary go to market commentary


Updated on January 27, 2012 10:07:56 AM EST EST
OpenClose Mortgage Software

Friday’s bond market initially opened in positive territory again following weaker than expected results from some key economic data, but it has since given back most of those gains. The stock markets are having a negative reaction to the same news, with the Dow down 62 points and the Nasdaq down 2 points. The bond market is currently up 1/32, which should lead to an improvement in this morning’s mortgage rates of another .125 - .250 of a discount point.


Market Snapshot go to market snapshot


Weekly Indices  
   this week last week
6 Month CD   0.080 0.060
1 Year T-Bill   0.110 0.100
2 Year T-Note   0.210 0.240
3 Year T-Note   0.310 0.360
5 Year T-Note   0.750 0.890
10 Year T-Note   1.890 2.020
30 Year T-Bond   3.060 3.100

Mortgage
Mortgage  this week last week
30yr Conf Ntl Avg   3.980 3.880
15yr Conf Ntl Avg   3.240 3.170



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