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Market Commentary

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Updated on May 21, 2013 11:05:53 AM EDT
OpenClose Mortgage Software

Tuesday’s bond market has opened slightly in negative territory, extending yesterday’s late selling. The stock markets are fairly calm with the Dow up 1 point and the Nasdaq down 4 points. The bond market is currently down 3/32, which with yesterday’s late selling should equate to an increase of approximately .250 of a discount point in this morning’s rates if comparing to Monday’s morning pricing.

Market Snapshot

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Weekly Indices

	this week	last week
6 Month CD	0.070	0.070
1 Year T-Bill
2 Year T-Note	0.230	0.240
3 Year T-Note	0.370	0.350
5 Year T-Note	0.820	0.820
10 Year T-Note	1.920	1.950
30 Year T-Bond	3.130	3.160

Mortgage

Mortgage	this week	last week
30yr Conf Ntl Avg	3.510	3.510
15yr Conf Ntl Avg	2.690	2.690

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