CHM Blog

The belief that a deal with Iran about opening the Strait of Hormuz appears to be gaining traction. Crude oil prices are down over $20.00 a barrel from its high, down $12.00 in the last five sessions, this morning its price began -$1.26 to $88.00.

Yesterday MBS prices increased 20 bps from Wednesday. Inflation edged up on the April PCE inflation release yesterday.

At 9:45 am the only data today, May Chicago purchasing managers index jumped to 62.7 with forecasts at 51.2 and up from 49.2 in April.

With the weekend markets should trade quietly today.

PRICES @ 10:00 AM

10 year note: 4.45% unch

5 year note: 4.16% unch

2 year note: 4.03% unch

30 year bond: 4.99% +1 bp

30 year FNMA 6.0: @9:30 am 102.08 +2 bp (+23 bp from 9:30 am yesterday)

30 year FNMA 5.5: @9:30 am 100.43 +6 bp (+31 bp from 9:30 am yesterday)

30 year GNMA 6.0: @9:30 am 101.86 -1 bp (+8 bp from 9:30 am yesterday)

Dollar/Yen: 159.28 +0.03 yen

Dollar/Euro: $1.1648 -$0.0003

Dollar Index: 99.00 -0.02

Gold: $4,565.60 +$33.20

Bitcoin: 73,135 -172

Crude Oil: $87.32 -$1.53

DJIA: 50,864 +195

NASDAQ: 27,074 +157

S&P 500: 7594 +31

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.