Thursday’s bond market has opened in negative territory, giving back some of yesterday’s post-FOMC rally. The stock markets are showing early strength, pushing the Dow up 271 points and the Nasdaq up 208 points. The bond market is currently down 10/32 (3.48%), but yesterday’s late strength is going to keep this morning’s mortgage rates lower than Wednesday’s early pricing by approximately .375 - .500 of a discount point. If you saw an intraday improvement yesterday, you may see an adjustment this morning also.
30 yr - 3.48%