Posted on January 24, 2014 - 11:15 AM
by Wendy Milbrett
Friday’s bond market has opened in positive territory again following another round of stock selling that has helped drawn funds into bonds. After falling 176 points yesterday, the Dow is currently down another 80 points while the Nasdaq has lost 32 points. The bond market is currently up 9/32, which with late strength yesterday should improve this morning’s mortgage rates by approximately .250 of a discount point if comparing to Thursday’s morning pricing.
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