Last Updated: 10/25/2007

Thursday's bond market has opened fairly flat despite weaker than expected economic news. The stock markets are mixed with the Dow currently up 13 points and the Nasdaq down 5 points. The bond market is currently down 3/32, but we will still likely see a slight improvement in this morning's mortgage rates as a result of strength late yesterday. The Commerce Department gave us today's big news with the release of September's Durable Goods Orders. Today's release revealed a drop in new orders for big-ticket items of 1.7% when it was expected to show a rise of 1.5%. This is good news for bonds because it indicates weakness in the manufacturing sector of the economy.