Friday's bond market has opened down sharply following the release of stronger than expected employment figures. The stock markets are showing gains with the Dow up 66 points and the Nasdaq up 2 points. The bond market is currently down 23/32, which will likely push this morning's mortgage rates higher by approximately .250 - .375 of a discount point.
The bond market directly affects the mortgage interest rate.  Inflation is still on the rise but it is still a good time to refinance or buy the home of your dreams.