Standard Mortgage

Wednesday's bond market has opened in negative territory following modest stock gains. The Dow is currently up 32 points while the Nasdaq has earned 12 points. The bond market is currently down 6/32, which should push this morning's mortgage rates higher by approximately. 125 of a discount point. There is no relevant economic data scheduled for release today. This leaves the stock markets to influence bond trading and mortgage rates. If the stock markets move higher from current levels, we should see bond prices fall and mortgage rates rise if the move is sizable.