March 23rd, 2026 8:26 AM by Richard Sardella MLO.100007700/NMLS 233568
Yesterday saw some volatility as the US financial markets continued to react to the FOMC and Powell. Also yesterday, the ECB that has been cutting rates over the past year commented the they may be increasing their base rate.
Crude oil price this morning began with a little volatility, overnight WTI price increased $2.00, by 9 am ET down $1.00. Brent crude oil futures fell to $107/ barrel on Friday after US Treasury Secretary Scott Bessent indicated Washington may soon lift sanctions on Iranian crude held on tankers, brent has traded as high as $119.00/barrel recently.
There isn’t any economic news today. This is triple-witching day, March contracts for the three main indices, which expire today, may generate volatility in equity markets. The market remains concerned with the ongoing volatility in the price of oil and persistent geopolitical uncertainty heading into the weekend.
The Iranian conflict dominates all thinking these days.
PRICES @ 10:00 AM
10 year note: 4.34% +9 bp
5 year note: 3.99% +11 bp
2 year note: 3.93% +12 bp
30 year bond: 4.90% +6 bp
30 year FNMA 5.0: @9:30 am 98.50 -47 bp (-21 bp from 9:30 am yesterday)
30 year FNMA 5.5: @9:30 am 100.38 -30 bp (-13 bp from 9:30 am yesterday)
30 year GNMA 5.0: @9:30 am 98.93 -35 bp (-14 bp from 9:30 am yesterday)
Dollar/Yen: 158.85 +1.14 yen
Dollar/Euro: $1.1554 -$0.0034
Dollar Index: 99.53 +0.30
Gold: $4,650.60 +$44.90
Bitcoin: 70,036 -229
Crude Oil: $96.16 +$0.02
DJIA: 45,915 -106
NASDAQ: 21,838 -253
S&P 500: 6561 45
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.