April 22nd, 2026 9:05 AM by Richard Sardella MLO.100007700/NMLS 233568
Bond markets getting support this morning, stock indexes whipped around, after the DJIA lost 293 yesterday this morning +336. At 8:30 am ET the 10 year note 4.27% -4 bps. MBS prices at 8:30 am +29 bps.
The cease fire with no deadline strongly suggests the US and Iran are in for a prolonged negotiation.
Weekly MBA mortgage applications last week improved, the composite index increased 7.9% from the previous week on the period ending April 17th, extending the 1.8% increase from the prior week, according to data compiled by the Mortgage Bankers Association. Applications for contracts to refinance a mortgage, which are more sensitive to short-term interest rate changes, jumped by 5.8%. In turn, applications for a mortgage to purchase a home, surged 10% following multiple weeks of deferral purchases.
This afternoon Treasury will auction 20 year bonds at 1 pm.
PRICES @ 10:00 AM
10 year note: 4.28% -2 bp
5 year note: 3.90% -1 bp
2 year note: 3.78% unch
30 year bond: 4.88% -2 bp
30 year FNMA 5.5: @9:30 am 100.93 +12 bp (+2 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 102.25 +5 bp (-2 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 100.90 +6 bp (-2 bp from 9:30 am yesterday)
Dollar/Yen: 159.14 -0.24 yen
Dollar/Euro: $1.1742 unch
Dollar Index: 98.40 unch
Gold: $4,767.50 +$42.90
Bitcoin: 78,639 +3607
Crude Oil: $91.79 +$2.12
DJIA: 49,602 +452
NASDAQ: 24,481 +221
S&P 500: 7120 +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.