August 18th, 2025 9:13 AM by Richard Sardella MLO.100007700/NMLS 233568
Stocks began the day relatively unchanged from Friday. This week there isn’t much on the economic calendar that will grab focus. This is the annual Jackson Hole symposium of global and US economists and central bankers meeting. The Jackson Hole meeting begins on Thursday, the theme is “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy”. Fed Chair Jerome Powell is expected to deliver the keynote address on Friday. Will he green light a rate cut next month? How will he frame the current Fed’s outlook? Presently there is little doubt that the Fed will cut rates at the September 17th FOMC meeting, although if you look hard enough there are still skeptics out there. The focus will be on whether Powell and the other Feds are thinking about more cuts later this year.
At 9:30 am the DJIA opened -34, NASDAQ -87, S&P -5. 10 year 4.32% unchanged. FNMA 6.0 30 year coupon at 9:30 am +3 bps from Friday’s close and -4 bps from 9:30 am Friday.
At 10 am August NAHB housing market index thought to be unchanged at 33, reported at 32.
PRICES @ 10:00 AM
10 year note: 4.32% unch
5 year note: 3.84% unch
2 year note: 3.76% unch
30 year bond: 4.92% unch
30 year FNMA 6.0: @9:30 am 101.80 +3 bp (-4 bp from 9:30 am Friday)
30 year FNMA 6.5: @9:30 am 103.43 +1 bp (-1 bp from 9:30 am Friday)
30 year GNMA 6.0: @9:30 am 101.74 +2 bp (-9 bp from 9:30 am Friday)
Dollar/Yen: 147.88 +0.71 yen
Dollar/Euro: $1.1672 -$0.0032
Dollar Index: 98.06 +0.21
Gold: $3,384.80 +$2.20
Bitcoin: 115,447 -2199
Crude Oil: $62.44 -$0.36
DJIA: 44,902 -44
NASDAQ: 21,586 -37
S&P 500: 6442 -8
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.