This week brings us the release of only two pieces of economic data, but neither of them are considered to be highly important. In addition to the economic releases, we also have two Treasury auctions that may play a role in this week’s mortgage pricing. The financial and mortgage markets will closed Monday in observance [...] […]

Friday’s bond market as opened well in negative territory following the release of stronger than expected employment news. The stock markets are reacting favorably to the data with the Dow up 61 points and the Nasdaq up 21 points. The bond market is currently down 26/32, which will likely push this morning’s mortgage rates higher [...] […]

Thursday’s bond market has opened in negative territory again as yesterday’s sell-off extends into this morning’s trading. The stock markets are showing relatively minor gains with the Dow up 18 points and the Nasdaq up 15 points. The bond market is currently down 11/32, which should push this morning’s mortgage rates higher by approximately .125 [...] […]

Wednesday’s bond market has opened down sharply after this morning’s economic data showed surprising strength. The stock markets are heavily influencing bond trading with significant gains. Stocks have had quite a strong reaction to this morning’s news, pushing the Dow up over 230 points and the Nasdaq up 57 points. The bond market is currently [...] […]

Tuesday’s bond market has opened in positive territory despite stock gains and stronger than expected economic data. The stock markets are reacting favorably to this morning’s only important data with the Dow currently up 40 points and the Nasdaq up 7 points. The bond market is currently up 14/32, which should improve this morning’s mortgage [...] […]