Wednesday’s bond market has opened in positive territory, recovering some of yesterday’s afternoon sell-off. Stocks are showing minor losses with the Dow down 69 points and the Nasdaq down 26 points. The bond market is currently up 4/32 (1.86%), but sizable losses yesterday afternoon are going to cause an increase in this morning’s mortgage rates of approximately .125 of a discount point if compared to Tuesday’s early pricing. You likely saw an intraday upward revision in rates yesterday, possibly more than one change. If so, you should see a noticeable improvement this morning as mortgage bonds rebound.