November 2nd, 2026 9:47 AM by Richard Sardella MLO.100007700/NMLS 233568
Over the weekend energy prices dropped, crude oil starting the day today -$7.00. The key stock indexes after NASDAQ fell 748 Friday started better this morning.
The election results is the headline this week, then October employment on Friday. Tomorrow September JOLTS job openings expected a little better (7.134 mil from 7.079 mil). Wednesday ADP October private jobs (70K from 90K in September). Thursday weekly jobless claims (196K from 194K, still close to 60 year lows).
At 10 am October ISM manufacturing index estimates at 54.6, increased to 55.5. September construction spending thought to be +0.5% declined 1.9%; year/year -2.7%.
Bond markets will trade quietly today ahead of the elections tomorrow. At the long end the 10 year and 30 treasuries are trading better while the 2 year note is unchanged from Friday.
PRICES @ 10:00 AM
10 year note: 4.89% -4 bp
5 year note: 4.69% -4 bp
2 year note: 4.59% -1 bp
30 year bond: 5.25% -6 bp
30 year FNMA 6.5: @9:30 am 101.70 +3 bp (+7 bp from 9:30 am Friday)
30 year FNMA 6.0: @9:30 am 99.91 +6 bp (+11 bp from 9:30 am Friday)
30 year GNMA 6.5: @9:30 am 101.58 +3 bp (+4 bp from 9:30 am Friday)
Dollar/Yen: 157.70 +0.13 yen
Dollar/Euro: $1.1215 +$0.0055
Dollar Index: 101.57 -0.32
Gold: $3,967 +$68.00
Bitcoin: 77,738 -55
Crude Oil: $97.41 -$6.70
DJIA: 52,329 +559
NASDAQ: 25,638 +201
S&P 500: 7623 +43
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.