CHM Blog

Weekly jobless claims this morning rose by 5,000 from the previous month to 210,000, aligned with the median market expectations but remaining below the average from the previous year. Continuing jobless claims, which serve as proxy for outstanding unemployment in the US, fell by 32,000 to 1,819,000, well below expectations of 1,850,000 to tie for the lowest since May of 2024. The results in contrast with the weak signals in the February jobs report by the BLS, with a low hiring pace matching a slower hiring pace.

There isn’t any additional data scheduled today; Treasury will auction $44B of 7 year notes that is likely to meet decent demand.

PRICES @ 10:00 AM

10 year note: 4.36% +3 bp

5 year note: 4.03 % +5 bp

2 year note: 3.93% +3 bp

30 year bond: 4.91% unch

30 year FNMA 5.5: @9:30 am 100.08 -22 bp (-23 bp from 9:30 am yesterday)

30 year FNMA 6.0: @9:30 am 101.68 -11 bp (-8 bp from 9:30 am yesterday)

30 year GNMA 5.5: @9:30 am 100.24 -15 bp (-13 bp from 9:30 am yesterday)

Dollar/Yen: 159.50 +0.03 yen

Dollar/Euro: $1.1546 -$0.0014

Dollar Index: 99.79 +0.19

Gold: $4,428.40 -$121.50

Bitcoin: 69,488 -1360

Crude Oil: $93.99 +$ 3.67

DJIA: 46,457 +28

NASDAQ: 21,754 -176

S&P 500: 6562 -28

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.