CHM Blog

This morning rates began a little better. No change in underlying issues.

Weekly mortgage applications declined 2.3% last week, purchase applications -4.1%, re-fis -0.1%. ARM applications increased 10% last week.

At 1 pm ET Treasury will auction 20 year bonds. At 2 pm the minutes from the FOMC April meeting.

At 9:30 am the DJIA opened +117, NASDAQ +120, S&P +22. 10 year note 4.66% -1 bp. FNMA 6.0 30 coupon +8 bps from yesterday’s close and +5 bp from 9:30 am yesterday.

PRICES @ 10:00 AM

10 year note: 4.65% -2 bp

5 year note: 4.31% -2 bp

2 year note: 4.12% -1 bp

30 year bond: 5.17% -1 bp

30 year FNMA 6.0: @9:30 am 101.33 +8 bp (+5 bp from 9:30 am yesterday)

30 year FNMA 6.5: @9:30 am 103.40 +5 bp

30 year GNMA 6.0: @9:30 am 103.95 +2 bp

Dollar/Yen: 159.05 -0.05 yen

Dollar/Euro: $1.1599 -$0.0009

Dollar Index: 99.38 +0.06

Gold: $4,489.20 -$22.00

Bitcoin: 77,006 +253

Crude Oil: $102.10 -$2.14

DJIA: 49,471 +107

NASDAQ: 25,979 +108

S&P 500: 7378 +25

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.