Updated on October 9, 2015 10:16:06 AM EDT Friday’s bond market has opened slightly in negative territory, extending yesterday’s negative momentum. The stock markets are showing minor gains during early trading after rallying from early losses yesterday to close well in positive ground. The Dow is currently up 41 points while the Nasdaq is up 12 points. The bond market is currently down 2/32 (2.10%), which should push this morning’s mortgage rates higher by approximately .125 of a discount point if comparing to Thursday’s morning pricing.
OpenClose Mortgage Software
We saw weakness in bonds late yesterday that resulted in rate increases from many lenders. The cause wasn’t the 30-year Bond auction as it went pretty well. Most of the benchmarks we use to gauge investor demand showed a decent level of interest in the securities. We did not exactly get a positive reaction in bonds, but it also was not the reason bonds weakened.