Monday’s bond market has opened well in negative territory, taking back some of last week’s rally. Stocks are starting the week with gains, pushing the Dow up 221 points while the Nasdaq has gained 58 points. The bond market is currently down 35/32 (3.50%), which should cause an increase in this morning’s mortgage rates of approximately .250 - .375 of a discount point.
35/32
Bonds
30 yr - 3.50%