Last Updated: 12/10/2007

Monday's bond market has opened in negative territory as Friday's selling carries into the new week. The stock markets are showing gains with the Dow up 95 points and the Nasdaq up 15 points. The bond market is currently down 12/32, which will likely push this morning's mortgage rates higher by approximately .250 - .375 of a discount point over Friday's morning rates. There is no relevant economic news scheduled for release today or tomorrow, but the rest of the week is fairly busy. There are five monthly reports scheduled for release between Wednesday and Friday along with tomorrow's FOMC meeting.