June 12th, 2026 1:12 PM by Richard Sardella MLO.100007700/NMLS 233568
Yesterday crude oil price fell, gold improved, the dollar improved and stock indexes increased; all on the news that a deal with Iran is close.
This morning there isn’t any follow through. With the weekend ahead traders unwilling to be exposed to what may occur, most major events with Iran have happened over the weekends.
The bond market continues to expect the Fed will have to increase interest rates later this year as inflation remains elevated and employment is holding well.
The price of crude oil continues to decline, down another $2.00/barrel this morning but losing momentum as the day progresses.
SpaceX going public today, a lot of investors want in while others argue the valuation is too high. Likely see a loot of volatility in the stock over the next few days.
The only scheduled news today, the University of Michigan mid-month consumer sentiment, expected at 46.0 from 44.8 in May. Much better consumer outlook than forecasts.
PRICES @ 10:00 AM
10 year note: 4.50% +3 bp
5 year note: 4.23% +4 bp
2 year note: 4.10% +3 bp
30 year bond: 4.99% +3 bp
30 year FNMA 6.0: @9:30 am 101.99 -9 bp (+12 bp from 9:30 am yesterday)
30 year FNMA 5.5: @9:30 am 100.15 -10 bp (+25 bp from 9:30 am yesterday)
30 year GNMA 6.0: @9:30 am 101.86 -2 bp (+6 bp from 9:30 am yesterday)
Dollar/Yen: 160.30 +0.34 yen
Dollar/Euro: $1.1571 -$0.0009
Dollar Index: 99.83 -0.03
Gold: $4,211.40 +$97.40
Bitcoin: 63,135 -419
Crude Oil: $86.17 -$1.54
DJIA: 50,095 +106
NASDAQ: 25,743 -67
S&P 500: 7400 +6
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.