Dow Jones futures rose sharply Monday morning, along with S&P 500 futures and Nasdaq futures, signaling a strong Monday open for the coronavirus stock market rally as Chinese stock markets soared overnight on bullish local media. While coronavirus cases are soaring in the U.S., Covid-19 deaths have continued to trend lower.
Several benchmark mortgage rates slid lower today. The average rates on 30-year fixed and 15-year fixed mortgages both receded. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also tapered off.