Tuesday’s bond market has opened sharply higher due to renewed COVID concerns. Stocks are mixed with the Dow down 189 points and the Nasdaq up 39 points. The bond market is currently up 20/32 (1.43%), which with strength throughout the day, should improve this morning’s mortgage rates by approximately .375 - .500 of a discount point if compared to Monday’s early pricing. Many lenders revised rates lower yesterday afternoon, so the difference in this morning’s rates depends on the size of the intraday improvement you saw yesterday.
30 yr - 1.43%