November 19th, 2025 9:08 AM by Richard Sardella MLO.100007700/NMLS 233568
The US trade deficit for August was released this morning. The deficit for the month -$59.6B, down from -$78.2B in July; its old data. Imports tumbled 5.1% to $340.4 billion, led by a $9.3 billion fall in nonmonetary gold. Exports edged up 0.1% to $280.8 billion.
Weekly MBA mortgage applications last week -5.2%, down from +0.6% the previous week. Applications to refinance a mortgage sank by 7.3%. Applications for a mortgage to purchase a home dropped by 2.3%.
At 9:30 am ET the DJIA opened +48, NASDAQ +114, S&P +22. The 10 year at 9:30 am 4.11% unchanged. FNMA 5.5 30 year coupon at 9:30 am +8 bps from yesterday’s close and +8 bps from 9:30 am yesterday.
At 1 pm this afternoon Treasury will sell $16B of 20 year bonds.
The minutes from the October FOMC meeting are scheduled to be released at 2 pm today.
PRICES @ 10:00 AM
10 year note: 4.12% +1 bp
5 year note: 3.69% unch
2 year note: 3.58% unch
30 year bond: 4.74% unch
30 year FNMA 5.5: @9:30 am 100.89 +8 bp (+8 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 102.16 +3 bp (+7 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 100.69 +6 bp (+7 bp from 9:30 am yesterday)
Dollar/Yen: 156.53 +1.02 yen
Dollar/Euro: $1.1562 -$0.0020
Dollar Index: 99.85 +0.30
Gold: $4,113.80 +$47.30
Bitcoin: 91,718 -1066
Crude Oil: $59.01 -$1.73
DJIA: 46,195 +103
NASDAQ: 22,725 +292
S&P 500: 6673 +56
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.