Rate Lock Advisory

Thursday, February 8th

Thursday’s bond market has opened well in negative territory as the negative momentum in bonds continues. Stocks are in selling mode today also with the Dow down 228 points and the Nasdaq down 39 points. The bond market is currently down 18/32 (2.87%), which with yesterday’s afternoon weakness should push this morning’s mortgage rates higher by approximately .375 of a discount point compared to Wednesday’s morning pricing. Just how much of a change you will see this morning depends how much of a revision your lender made yesterday afternoon.


Bonds


Market Closed


Bonds


Market Closed


Bonds


Market Closed