April 14th, 2026 8:50 AM by Richard Sardella MLO.100007700/NMLS 233568
Yesterday stocks increased and crude oil inched higher but still lower than early yesterday morning. There is a little more hope that Iran will make a deal that satisfies the US. There is still the cease fire in affect that will go until a week from Thursday, Apr 22nd. The US and Iran are weighing further negotiations to extend a ceasefire, with the objective of holding fresh talks before the truce expires next week.
This morning wholesale prices for March, PPI, producer prices increased by 0.5% month-over-month in March, matching February’s growth but falling short of market expectations of 1.1%. The rise was primarily driven by a 1.6% surge in goods prices, the largest increase since August 2023, fueled by an 8.5% jump in energy costs. Year/year overall PPI +4.0% against forecasts of 4.7%, the largest increase since February 2023. It is all about the cost of energy increasing, ex food and energy PPI month/month thought to be +0.5% increased +0.1%, year/year ex food and energy thought to be +4.2% increased just 3.8%.
The price of oil this morning $95.10, -$3.98, the price of oil for June delivery in the futures markets, $90.80. That the price is lower out in the future is backwardation suggesting oil traders believe the price of oil will decline and is founded on the belief the tensions between the US and Iran will lessen.
PRICES @ 10:00 AM
10 year note: 4.30% unch
5 year note: 3.92% unch
2 year note: 3.79% +1 bp
30 year bond: 4.90% unch
30 year FNMA 5.5: @9:30 am 100.93 +2 bp (+16 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 102.25 -3 bp (+9 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 100.95 -11 bp (+13 bp from 9:30 am yesterday)
Dollar/Yen: 158.80 -0.65 yen
Dollar/Euro: $1.1802 +$0.0041
Dollar Index: 98.04 -0.32
Gold: $4,815.10 +$47.80
Bitcoin: 75,258 +1878
Crude Oil: $95.10 -$3.98
DJIA: 48,370 +151
NASDAQ: 23,396 +212
S&P 500: 6920 +33
Richard Sardella has been actively managing and providing services in the mortgage industry for over 30 years. Richard serves on the board of directors as President of Colorado Home Mortgages Inc.
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
MLO of record MLO.100007700 / NMLS#233568 / CHM NMLS#127716.