Last Updated: 11/06/2007

Tuesday's bond market has opened in negative territory following early stock gains. The stock markets are in positive territory with the Dow up 50 points and the Nasdaq up 3 points. The bond market is currently down 12/32, which will likely push this afternoon's mortgage rates higher by approximately .250 of a discount point. I suspect that we may see further pressure in bonds the next few days with little economic news scheduled. Therefore, I am offering no advice about locking until we get an idea which direction we are heading.