July 7th, 2025 9:02 AM by Richard Sardella MLO.100007700/NMLS 233568
This morning the 10 year at 8:30 am ET 4.36% +1 bp, MBS prices -4 bps from Thursday’s close.
Over the weekend Commerce Sec Lutnick said the final deadline for deals will be August 1st, it had been set for this coming Wednesday. The President confirmed that the U.S. will start delivering letters on Monday, detailing country-specific tariff rates and any agreements reached with various trading partners. The still uncertain tariffs keeping rates from declining. Look for a few trade deals to be announced this week.
This week’s key focuses; Treasury auctions, weekly claims, FOMC minutes; not much. Most focus will be on news of trade talks. Economic data won’t play much of a role this week, weekly claims and continuing claims the most important in a thin week. Trade talks will also be center stage but again Trump has pushed the deadline from this Wednesday to August 1st. It sounds like some key deals may hit this week. Once Japan, South Korea, India, China, and the EU trade deals are set that should conclude most all of the tariffs of consequence; most all other countries that trade with the US are not significant.
PRICES @ 10:00 AM
10 year note: 4.37% +2 bp
5 year note: 3.95% +1 bp
2 year note: 3.89% unch
30 year bond: 4.90% +3 bp
30 year FNMA 6.0: @9:30 am 101.40 -6 bp (-5 bp from 9:30 am Thursday)
30 year FNMA 6.5: @9:30 am 103.09 -3 bp (-6 bp from 9:30 am Thursday)
30 year GNMA 6.0: @9:30 am 101.29 -6 bp (-7 bp from 9:30 am Thursday)
Dollar/Yen: 145.76 +1.28 yen
Dollar/Euro: $1.1740 -$0.0041
Dollar Index: 97.32 +0.14
Gold: $3,318.00 -$24.90
Bitcoin: 108,127 -437
Crude Oil: $67.43 +$0.43
DJIA: 44,754 -75
NASDAQ: 20,495 -106
S&P 500: 6260 -20
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.