October 2nd, 2025 9:47 AM by Richard Sardella MLO.100007700/NMLS 233568
On Tuesday the JOLTS job openings for August, estimates were 7.100 million from 7.181 million. Job openings were stronger that thought, at 7.227 million and July opening revised from 7.181 million to 7.208 million. This morning Challenger, Gray & Christmas released its job cuts for September employers announced 54,064 job cuts in September, the least in three months, compared to 85,979 in August and down 25.8% year/year.
At 9:30 am the DJIA opened +43, NASDAQ +136, S&P +18. 10 year at 9:30 am 4.12% +2 bps. FNMA 5.5 30 year coupon at 9:30 am -1 bp from yesterday’s close and +2 bp from 9:30 am yesterday.
US and global markets not moving, and likely will sit quiet while the shut down plays out. The good news is rates are not increasing with more belief the fed will continue to cut rates once the government gets back on track. Don’t overlook that the employment situation is still in question with conflicting reports about job growth or losses.
PRICES @ 10:00 AM
10 year note: 4.12% +2 bp
5 year note: 3.70% +3 bp
2 year note: 3.58% +4 bp
30 year bond: 4.72% +1 bp
30 year FNMA 5.5: @9:30 am 100.96 -1 bp (+2 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 102.19 -1 bp (-1 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 100.77 unch (-3 bp from 9:30 am yesterday)
Dollar/Yen: 147.18 +0.11 yen
Dollar/Euro: $1.1726 -$0.0005
Dollar Index: 97.75 +0.04
Gold: $3,907.90 +$10.40
Bitcoin: 119,589 +2095
Crude Oil: $61.45 -$0.35
DJIA: 46,548 +107
NASDAQ: 22,819 +64
S&P 500: 6716 +5
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.