Last Updated: 12/31/2007

Monday's bond market has opened in positive territory as they continue Friday's rally. The stock markets are showing early losses with the Dow down 46 points and the Nasdaq down 16 points. The bond market is currently up 8/32, which should improve this morning's mortgage rates by approximately .250 of a discount point over Friday's morning rates. Today's only economic news was November's Existing Home Sales report. The National Association of Realtors reported that home resales rose slightly last month. This matched forecasts and has not had an impact on this morning's bond trading or mortgage rates.