Last Updated: 11/09/2007

Friday's bond market has opened in positive territory due to weaker than expected economic data and another weak opening for stocks. The stocks markets are showing sizable losses again with the Dow currently down 128 points and the Nasdaq down 46 points. The bond market is currently up 7/32, which will likely improve this afternoon's mortgage rates slightly. Today's first piece of economic news revealed that the U.S. trade deficit fell to $56.5 billion in September. This was lower than expected, but since the data is not considered to be a major influence on the bond or mortgage markets, its results have not affected today's mortgage rates. Stay tuned. Please have a great weekend.