July 20th, 2026 9:28 AM by Richard Sardella MLO.100007700/NMLS 233568
Oil spiked over the weekend but this morning the price fell back this morning. Crude increased over $85.00 overnight before backing down to unchanged.
There isn’t much significance in economic data this week, the calendar is thin. Two points continue to dominate; Iran and the Fed. The FOMC meeting is next week; there is a little chatter that the Fed will act. Warsh, has remained silent about the central bank’s plans, and has made it clear the Fed will no longer signal its plans.
The Calendar:
Monday:
June economic indicators (0.0% from +0.1%).
Tuesday:
Nothing
Wednesday:
MBA applications, 20 year bond auction.
Thursday:
Weekly jobless claims (214K from 208K).
Friday:
PMI prelim, July (manufacturing index 54.3 from 53.9, service index 51.2 unchanged from June).
PRICES @ 10:00 AM
10 year note: 4.58% +3 bp
5 year note: 4.31% +2 bp
2 year note: 4.22% +4 bp
30 year bond: 5.10% +2 bp
30 year FNMA 5.5: @9:30 am 99.80 -5 bp (-11 bp from 9:30 am Friday)
30 year FNMA 6.0: @9:30 am 101.69 -2 bp (-10 bp from 9:30 am Friday)
30 year GNMA 5.5: @9:30 am 100.13 -5 bp (-5 bp from 9:30 am Friday)
Dollar/Yen: 162.41 yen unch
Dollar/Euro: $1.1419 -$0.0021
Dollar Index: 100.91 +0.14
Gold: $4,016.30 -$2.50
Bitcoin: 64,406 +203
Crude Oil: $82.09 -$0.40
DJIA: 52,091 -55
NASDAQ: 25,666 +146
S&P 500: 7487 +29
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.