CHM Blog

The news from the midle-east, the American military redirected 20 more commercial vessels away from Iranian ports last week under its naval blockade. No progress with Iran on opening the Strait.

Crude oil is higher this morning.

• Monday:

There are no economic releases today.

• Tuesday:

July existing home sales tomorrow, expected at 4.050 million from 4.09 million in June. July NFIB (National Federation of Independent Businesses) optimism index, expected at 97.3 from 97.4. $58B 3 year note auction.

• Wednesday:

MBA weekly mortgage applications. July CPI (consumer price index) overall month/month +0.1% from -0.4% in June, year/year overall +3.4% from 3.5%; core (ex-food and energy) month/month +0.2% from 0.0%, year/year +2.5% from 2.6%. $42B 10 year note auction. July Treasury budget statement.

• Thursday:

Weekly jobless claims 205K from 199K. July PPI (producer price index) overall month/month +0.2% from -0.3% in June; core (ex-food and energy) month/month +0.3% from +0.2%, year/year +4.2% from 4.7%. $25B 30 year bond auction.

• Friday:

July retail sales month/month +0.1% from +0.2% in June, month/month ex-vehicles +0.2% from -0.2% in June. Mid-month University of Michigan consumer sentiment index 54.1 from 55.2 in June.

With inflation data later this week and little news from Iran, today may see quiet trading.

PRICES @ 10:00 AM

10 year note: 4.69% +4 bp

5 year note: 4.45 %+5 bp

2 year note: 4.24% +4 bp

30 year bond: 5.23% +3 bp

30 year FNMA 6.0: @9:30 am 101.45 -8 bp (-10 bp from 9:30 am Friday)

30 year FNMA 5.5: @9:30 am 99.39 -14 bp (-18 bp from 9:30 am Friday)

30 year GNMA 6.0: @9:30 am 101.82 -1 bp (-5 bp from 9:30 am Friday)

Dollar/Yen: 159.05 +1.25 yen

Dollar/Euro: $1.1544 -$0.0015

Dollar Index: 99.77 +0.23

Gold: $4,385.30 -$14.40

Bitcoin: 64,492 -646

Crude Oil: $80.36 +$2.18

DJIA: 53,947 -89

NASDAQ: 26,660 -31

S&P 500: 7760 +2

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.