Tuesday’s bond market has opened in positive territory, extending yesterday’s big rally. Stocks are fairly calm, but more importantly not rebounding from yesterday’s major sell-off. The Dow and Nasdaq are both currently up 7 points. The bond market is currently up 7/32 (1.34%), which should improve this morning’s mortgage rates by approximately .125 of a discount point if comparing to yesterday’s early pricing.
30 yr - 1.34%