Friday’s bond market has opened in positive territory again after this morning’s economic data did nothing to prevent the rally from extending another day. The major stock indexes are mixed but calm with the Dow down 11 points and the Nasdaq up 21 points. The bond market is currently up 12/32 (2.93%), which should improve this morning’s mortgage rates by approximately .125 of a discount point. If your lender revised rates slightly higher Thursday afternoon, you should see more of an improvement this morning.
30 yr - 2.93%