CHM Blog

Veteran’s Day was yesterday, the bond market and banks were closed.

Yesterday MBA weekly mortgage applications increased 6.2%. Purchase apps increased 7.5% from the week befor; re-finance aps increased 4.5% from the previous week.

Weekly jobless claims this morning. Expected at 195K, increased 200K +9K from the prior week. Continuing claims, a gauge for total outstanding unemployment in the country, fell by 13,000 to 1,679,000 in the last week of October, testing the lowest level since March 2023.

At 10 am October existing home sales, sales in the US fell 5.5% in October 2026 to a seasonally adjusted annual rate of 3.75 million units, the lowest level since August 2010 and below market expectations of 3.85 million. Sales were unchanged in the Northeast at 470,000 units, while the Midwest declined 3.2% to 900,000, the South fell 6.5% to 1.73 million and the West dropped 9.7% to 650,000. Meanwhile, housing inventory rose 1.3% from September and 4.6% year over year to 1.59 million homes, equivalent to 5.1 months of supply, up from 4.7 months in September. The median home price increased 0.4% from a year earlier to $416,700.

Traders and markets await tomorrow’s October producer price index (PPI), wholesale prices. Last Tuesday October consumer prices were higher than estimates.

PRICES @ 10:00 AM

10 year note: 5.06% +7 bp

5 year note: 4.92% +9 bp

2 year note: 4.85% +10 bp

30 year bond: 5.40% +4 bp

30 year FNMA 6.5: @9:30 am 101.14 -10 bp (-24 bp from 9:30 am Tuesday)

30 year FNMA 6.0: @9:30 am 99.25 -13 bp (-33 bp from 9:30 am Tuesday)

30 year GNMA 6.5: @9:30 am 101.28 -14 bp (-23 bp from 9:30 am Tuesday)

Dollar/Yen: 159.80 +0.02 yen

Dollar/Euro: $1.1079 -$0.0011

Dollar Index: 102.98 +0.07

Gold: $3,893 -$108.00

Bitcoin: 71,611 -2969

Crude Oil: $86.44 -$0.09

DJIA: 52,391 -105

NASDAQ: 25,293 -173

S&P 500: 7588 -32

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.