Friday’s bond market has opened in positive territory, extending overnight gains. Stocks are showing early strength also, pushing the Dow higher by 128 points and the Nasdaq up 47 points. The bond market is currently up 12/32 (4.09%), which should improve this morning’s mortgage rates by approximately .125 - .250 of a discount point.
12/32
Bonds
30 yr - 4.09%
128
Dow
46,488
47
NASDAQ
23,072