Last Updated: 12/17/2007

Monday's bond market has opened in positive territory following early stock losses. The stock markets are continuing Friday's selling with the Dow down 40 points and the Nasdaq down 19 points. The bond market is currently up 8/32, but due to weakness Friday we will likely see little change in this morning's mortgage pricing. There is no relevant economic news scheduled for release today. The rest of week brings us the release of five monthly or quarterly economic reports. None of them are considered to be nearly as important as several of last week's releases were. This leaves other factors such as stock markets movement to influence bond trading and mortgage rates several days this week.