April 2nd, 2026 7:42 AM by Richard Sardella MLO.100007700/NMLS 233568
ADP reported March private jobs increased 62K with forecasts at +40K. February jobs revised from +63K to +66K. "Overall hiring is steady, but job growth continues to favor certain industries, including health care. In March, this solid performance was accompanied by a boost in pay gains for job-changers." - ADP Chief Economist Dr. Nela Richardson.
Weekly MBA mortgage applications declined 10.4% last week after falling 10.5% the week before. Applications to refinance a mortgage, which are more sensitive to short-term changes, sank by 17% to notch a 40% slide in the month. In turn, applications for a mortgage to buy a home fell 3%.
February retail sales increased 0.6% month-over-month, rebounding from a 0.1% drop in January and above forecasts of a 0.5% gain. It is the strongest performance in seven months, with sales rising the most at department stores (3%), health and personal care stores (2.3%), clothing (2%), sporting goods, hobby, musical instrument, & book stores (1.3%) and miscellaneous store retailers (1.1%).
At 10 am March ISM manufacturing index, expected at 52.3 from 52.4, reported 52.4.
PRICES @ 10:00 AM
10 year note: 4.32% unch
5 year note: 3.96% unch
2 year note: 3.80% unch
30 year bond: 4.91% -1 bp
30 year FNMA 5.5: @9:30 am 100.44 -2 bp (-5 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 101.89 -4 bp (-4 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 100.62 +1 bp (+4 bp from 9:30 am yesterday)
Dollar/Yen: 158.53 -0.19 yen
Dollar/Euro: $1.1617 +$0.0053
Dollar Index: 99.34 -0.62
Gold: $4,763.90 +$85.30
Bitcoin: 68,497 +708
Crude Oil: $100.21 -$1.17
DJIA: 46,614 +272
NASDAQ: 21,786 +195
S&P 500: 6565 +36
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.