April 15th, 2026 9:55 AM by Richard Sardella MLO.100007700/NMLS 233568
Since last Thursday the 10 year note has declined 10 bps, this morning the note opened 2 bps higher. After what initially looked like a failed negotiation with Iran markets are more positive. The S&P recovered all of its losses since the conflict began, crude oil has declined and crude oil futures are lower than current oil prices.
Last week MBA reported mortgage applications increased 1.8% from the prior week. Refinancing applications jumped 5.1% while those to purchase a home fell 1%.
March import prices thought to be +2.1% month/month increased just 0.8%, year/year +2.1% from 1.3% last month. Month/month export prices were expected +1.7%, reported +1.6%, year/year +5.6% from +3.5% in February.
April NY Empire State manufacturing index increased 11.0 from -0.2% in March, the highest index in five months.
At 10 am ET April NAHB housing market index.
At 2 pm the Fed’s Beige Book, 12 Fed districts report the details in each district, usually not a market mover.
PRICES @ 10:00 AM
10 year note: 4.27% +2 bp
5 year note: 3.89% +2 bp
2 year note: 3.76% +1 bp
30 year bond: 4.88% +2 bp
30 year FNMA 5.5: @9:30 am 100.98 -5 bps (+5 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 102.29 -5 bp (+4 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 101.07 -1 bp (+12 bp from 9:30 am yesterday)
Dollar/Yen: 159.08 +0.29 yen
Dollar/Euro: $1.1785 -$0.0012
Dollar Index: 98.15 +0.02
Gold: $4,847.30 -$2.80
Bitcoin: 73,899 -392
Crude Oil: $90.54 -$0.74
DJIA: 48,448 -88
NASDAQ: 23,754 +115
S&P 500: 6979 +12
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.