March 24th, 2025 9:52 AM by Richard Sardella MLO.100007700/NMLS 233568
The focus this week is the PCE inflation data on Friday, also getting attention the consumer measurements on the Conference Board’s consumer confidence index and the University of Michigan consumer sentiment. The last two months both indexes revealed consumers are losing confidence in big chunks.
At 9:30 am ET the DJIA opened +347, NASDAQ +265, S&P +59. 10 year at 9:30 am 4.29% +4 bps. FNMA 6.0 30 year coupon at 9:30 am -8 bps from Friday’s close and -14 bp from 9:30 am Friday morning.
At 9:45 am PMI Flash March manufacturing and service sector indexes; the composite index 53.5 from 51.6; manufacturing index 49.8 from 52.7, service index 54.3 from 49.7.
PRICES @ 10:00 AM
10 year note: 4.31% +6 bp
5 year note: 4.08% +7 bp
2 year note: 4.01% +5 bp
30 year bond: 4.64% +5 bp
30 year FNMA 6.0: @9:30 am 101.47 -8 bp (-14 bp from 9:30 am Friday)
30 year FNMA 6.5: @9:30 am 103.06 unch (-12 bp from 9:30 am Friday)
30 year GNMA 6.0: @9:30 am 101.30 -1 bp (-4 bp from 9:30 am Friday)
Dollar/Yen: 149.97 +0.66 yen
Dollar/Euro: $1.0811 -$0.0011
Dollar Index: 104.08 unch
Gold: $3.026.80 +$5.30
Bitcoin: 87,428 +2421
Crude Oil: $68.49 +$0.21
DJIA: 42,465 +487
NASDAQ: 18,119 +335
S&P 500: 5751 +83
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.