November 6th, 2026 8:33 AM by Richard Sardella MLO.100007700/NMLS 233568
Big market reactions yesterday to the election results. As noted yesterday, markets will take time to fully digest the potential impacts of yesterday’s results.
Now its on to economic and employment matters. Weekly jobless claims this morning at 8:30 am ET expected at 196K, declined to 189K (the recent low a few weeks back at 186K and still at 60 year lows). Employment continues to hold well; last Tuesday September JOLTS job openings were stronger than estimates at 7.160 million openings increased to 7.523 million. Also at 8:30 am, good news on the preliminary Q3 productivity and unit labor costs; productivity expected +3.0% increased 3.6% while unit labor costs thought to be +1.1% declined 0.7%.
The Bank of England raised its rates this morning by 25 basis points to 4.00%, the first time the Bank has moved rates since August 2023.
Tomorrow markets get October employment data. Employment each month is always important but maybe not so much these days. Employment remains strong, the issue is inflation and what the Fed may do at its December meeting on December 9th.
PRICES @ 10:00 AM
10 year note: 4.88% -1 bp
5 year note: 4.67% -2 bp
2 year note: 4.58% unch
30 year bond: 5.27% -1 bp
30 year FNMA 6.5: @9:30 am 101.89 -7 (+7 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 100.17 -11 bp (+7 bp from 9:30 am yesterday)
30 year GNMA 6.5: @9:30 am 101.70 -3 bp (-2 bp from 9:30 am yesterday)
Dollar/Yen: 158.19 -0.22 yen
Dollar/Euro: $1.1214 -$#0.0016
Dollar Index: 101.67 +0.11
Gold: $4,123 +$50.00
Bitcoin: 78,715 -1341
Crude Oil: $90.17 +$2.05
DJIA: 52.923 -432
NASDAQ: 24,900 -837
S&P 500: 7555 -134
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.