Last Updated: 12/18/2007

Tuesday's bond market has opened in positive territory following another round of stock losses. The stock markets are in negative territory with the Dow down 56 points and the Nasdaq down 16 points. The bond market is currently up 9/32, which should improve this morning's mortgage rates by approximately .250 of a discount point. Today's only semi-relevant economic news was November's Housing Starts. The Commerce Department said that starts of new homes fell 3.7% last month. This was also a 16 year low and indicates that the housing sector is still slowing. This is good news for the bond market and mortgage rates as it eases inflation and economic activity concerns that hurt bond prices.