CHM Blog

Weekly jobless claims last week were expected at 219K, reported at 215K, the prior week revised from 215K to 217K. Below forecasts, the lowest in six weeks; continuing claims, which are a gauge of outstanding unemployment, rose by 8,000 to 1,814,000 in the last full week of June, the highest since late March but below expectations of 1,820,000.

The Fed mulling over increasing the FF rate, yesterday the minutes from the June meeting didn’t reveal much as Warsh insists that the Fed talks too much, wants markets to find their way without constant comments from Fed officials that most times adds to uncertainty.

At 10 am June existing home sales expected at 4.20 mil from 4.17 mil.

PRICES @ 10:00 AM

10 year note: 4.57% -1 bp

5 year note: 4.30% -3 bp

2 year note: 4.19% -4 bp

30 year bond: 5.08% unch

30 year FNMA 5.5: @9:30 am 99.87 +8 bp (-7 bp from 9:30 am yesterday)

30 year FNMA 6.0: @9:30 am 101.73 +3 bp (-15 bp from 9:30 am yesterday)

30 year GNMA 5.5: @9:30 am 100.19 +3 bp (-3 bp from 9:30 am yesterday)

Dollar/Yen: 162.34 -0.27 yen

Dollar/Euro: $1.1440 +$0.0023

Dollar Index: 100.93 -0.06

Gold: $4,135.60 +$53.20

Bitcoin: 62,889 +665

Crude Oil: $72.899 -$0.63

DJIA: 52,432 +83

NASDAQ: 26,052 +181

S&P 500: 7516 +33

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.