California Mortgage News

Thursday’s bond market has opened in positive territory, extending yesterday afternoon’s rally. The stock markets are showing hefty losses during early trading with the Dow down 226 points and the Nasdaq down 86 points. The bond market is currently up 13/32 (2.08%), which with yesterday’s late gains should improve this morning’s mortgage rates by approximately .250 - .375 of a discount point over Wednesday’s early pricing.
Posted in:General and tagged: Mortgage Rate Report
Posted by George Coronado on August 20th, 2015 10:09 AM
Thursday’s bond market has opened in negative territory, extending yesterday’s afternoon weakness. The stock markets are showing minor losses with the Dow down 30 points and the Nasdaq down 3 points. The bond market is currently down 7/32 (2.16%), which with yesterday’s late selling should push this morning’s mortgage rates higher by approximately .250 of a discount point if comparing to Wednesday’s morning rates.
Posted by George Coronado on August 13th, 2015 3:13 PM