Monday’s bond market has opened in positive territory in reaction to the Saudi oil attack. That also has stocks in negative ground, pushing the Dow lower by 114 points and the Nasdaq down 19 points. The bond market is currently up 10/32 (1.86%), but heavy selling Friday afternoon is going to keep this morning’s mortgage rates approximately .125 of a discount point higher than Friday’s early pricing. Many lenders revised rates higher intraday as bond selling accelerated during late trading. How much of a change in rates you will see this morning depends on how much of a revision was made late Friday.
30 yr - 1.86%