Friday’s bond market has opened in negative territory following unfavorable employment data that was released this morning. Stocks are mixed with the Dow up 164 points and the Nasdaq down 76 points. The bond market is currently down 4/32 (1.57%), but the damage to rates came yesterday afternoon. A significant sell-off in bonds during afternoon trading led to sizable revisions to mortgage pricing. All said, this morning’s pricing should be approximately .500 of a discount higher than Thursday’s early pricing.
30 yr - 1.57%