CHM Blog

Crude oil fell $6.00 yesterday on optimism over the Strait, this morning oil up $3.00.

April housing starts thought to be 1.410 million increased to 1.465 million. Permits expected 1.380 million jumped to 1.442 million. Starts were down 2.8%% month-on-month. Single-family starts were down 9% to 0.93 million, while multi-family starts jumped 14.3% to 0.529 million. Building permits increased 5.8% month-over-month. Multi-family permits, including buildings with five or more units, surged 21.8% to 570,000, while single-family permits declined 2.6% to 872,000.

Weekly jobless claims -3K to 209K with estimates at 212K. Continuing jobless claims, a proxy for outstanding unemployment, rose by 6,000 to 1,782,000, slightly under the expectations of 1,790,000.

PRICES @ 10:00 AM

10 year note: 4.60% +2 bp

5 year note: 4.28% +2 bp

2 year note: 4.10% +4 bp

30 year bond: 5.13% unch

30 year FNMA 6.0: @9:30 am 101.38 -12 bp (-5 bp from 9:30 am yesterday)

30 year FNMA 5.5: @9:30 am 99.44 -26 bp

30 year GNMA 6.0: @9:30 am 101.39 -7 bp

Dollar/Yen: 159.31 +0.39 yen

Dollar/Euro: $1.1580 -$0.0045

Dollar Index: 99.47 +0.38

Gold: $4,496.90 -$38.40

Bitcoin: 76.670 -934

Crude Oil: $102.23 +$3.97

DJIA: 49,995 -15

NASDAQ: 26,175 -95

S&P 500: 7417 -16

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.