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Market Commentary go to market commentary

Updated on April 22, 2014 10:50:39 AM EDT
OpenClose Mortgage Software

Tuesday’s bond market has opened down slightly with no surprises in today’s housing data to drive trading. The stock markets are contributing to this morning’s bond open with moderate gains. The Dow is currently up 65 points while the Nasdaq is up 2 points. The bond market is currently down 5/32 (2.73%), which should push this morning’s mortgage rates higher by approximately .125 of a discount point from yesterday’s morning pricing.

Market Snapshot go to market snapshot

Weekly Indices  
   this week last week
6 Month CD   0.050 0.050
1 Year T-Bill  
2 Year T-Note   0.403 0.399
3 Year T-Note  
5 Year T-Note   1.734 1.732
10 Year T-Note   2.718 2.722
30 Year T-Bond   3.497 3.520

Mortgage  this week last week
30yr Conf Ntl Avg   4.270 4.270
15yr Conf Ntl Avg   3.330 3.330

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