03/22/2012
Thursday’s bond market has opened in positive territory again despite stronger than expected economic news as stock losses ease pressure on bonds. The stock markets are showing moderate losses with the Dow down 64 points and the Nasdaq down 17 points. The bond market is currently up 9/32, which with strength late yesterday should improve this morning’s mortgage rates by approximately .250 of a discount point. This is good for consumers looking for a home loan.
