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Updated on January 27, 2012 10:07:56 AM EST EST
OpenClose Mortgage Software

Friday’s bond market initially opened in positive territory again following weaker than expected results from some key economic data, but it has since given back most of those gains. The stock markets are having a negative reaction to the same news, with the Dow down 62 points and the Nasdaq down 2 points. The bond market is currently up 1/32, which should lead to an improvement in this morning’s mortgage rates of another .125 - .250 of a discount point.

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BOND MARKET UPDATE

12/31/08, 11:10 AM EST:
10 Year Note: -21/32 : 2.12%
30 Year Bond: -30/32 : 2.59%

KEY INTEREST RATES
 Weekly 12/26/08 12/19/08
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 6Mo CD 1.80% 2.05%
 1Yr T-Bill 0.40% 0.45%
 2Yr T-Note 0.89% 0.71%
 3Yr T-Note 1.12% 0.96%
 5Yr T-Note 1.50% 1.36%
 10Yr T-Note 2.18% 2.26%
 30Yr T-Bond 2.62% 2.72%
 Monthly Dec Nov
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 COFI 3.125% 2.769%
 6 Mo LIBOR 2.591% 3.121%
 MTA Index 2.053% 2.256%
 Other: 12/16/08 : Fed rate  cut
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 PRIME RATE 3.250%
 FED FUNDS 0.250%
 DISCOUNT 0.500%
Source: www.lioninc.com

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