September 2nd, 2026 9:36 AM by Richard Sardella MLO.100007700/NMLS 233568
At 8:15 am ET August private jobs were reported by ADP, expected at +48K but reported at +38K and down from revised 46K in July. Friday the BLS will report August employment data.
Weekly MBA mortgage applications last week: total applications increased 0.8% after declining 1.0% the previous week. Refinance apps -1.0% from the previous week. Purchase apps increased 2.2%.
At 2 pm the Fed’s Beige Book, details from the 12 Fed districts, usually a good read but doesn’t always move markets.
PRICES @ 10:00 AM
10 year note: 4.80% unch
5 year note: 4.55% -1 bp
2 year note: 4.40% -1 bp
30 year bond: 5.26% -2 bp
30 year FNMA 6.0: @9:30 am 100.93 +1 bp (-9 bps from 9:30 am yesterday)
30 year FNMA 5.5: @9:30 am 98.71 -2 bp (-10 bp from 9:30 am yesterday)
30 year GNMA 6.0: @9:30 am 101.21 +2 bp (-14 bp from 9:30 am yesterday)
Dollar/Yen: 158.72 -1.47 yen
Dollar/Euro: $1.1594 unch
Dollar Index: 99.60 -0.08
Gold: $4,417.00 +$20.60
Bitcoin: 77,317 +54
Crude Oil: $89.36 -$0.86
DJIA: 53,035 +268
NASDAQ: 26,109 +9
S&P 500: 7648 +17
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.