Thursday’s bond market has opened well in positive territory, erasing losses from afternoon selling yesterday. The stock markets are showing fairly sizable gains with the Dow up 112 points and the Nasdaq up 33 points. The bond market is currently up 22/32, but due to weakness late yesterday we will probably only see an improvement in this morning’s mortgage rates of approximately .125 – .250 of a discount point if comparing to Wednesday’s morning pricing.
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