May 22nd, 2026 8:28 AM by Richard Sardella MLO.100007700/NMLS 233568
Overnight crude oil increased $3.00 but by 8:30 am ET back to unchanged from yesterday. This is a long weekend; markets closed on Monday with the bond and mortgage markets closing today at 2 pm.
Not expecting that the US will launch military strikes over the Memorial Day holiday.
The only data today, the final University of Michigan consumer sentiment index, expected at 48.2 unch from mid-month.
PRICES @ 10:00 AM
10 year note: 4.55% -2 bp
5 year note: 4.24% -1 bp
2 year note: 4.10% +1 bp
30 year bond: 5.08% -1 bp
30 year FNMA 6.0: @9:30 am 101.69 +7 bp (+31 bp from 9:30 yesterday)
30 year FNMA 5.5: @9:30 am 99.90 +14 bp (+52 bp from 9:30 yesterday)
30 year GNMA 6.0: @9:30 am 101.06 +2 bp (+21 bp from 9:30 yesterday)
Dollar/Yen: 159.12 +0.13 yen
Dollar/Euro: $1.1603 -$0.0015
Dollar Index: 99.26 unch
Gold: $4,519 -$23.50
Bitcoin: 77,100 -510
Crude Oil: $97.23 +$0.92
DJIA: 50,664 +275
NASDAQ: 26,400 +107
S&P 500: 7487 +41
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.