Tuesday’s bond market has opened in positive territory, extending overnight gains. Stocks are mixed but calm with the Dow down 4 points and the Nasdaq up 31 points. The bond market is currently up 12/32 (0.51%), again testing a new record low closing yield if this morning’s gains hold until the end of the day. This should improve this morning’s mortgage rates by approximately .125 of a discount point.
30 yr - 0.51%