October 21st, 2025 9:26 AM by Richard Sardella MLO.100007700/NMLS 233568
Another quiet start today with no news overnight and no economic releases today. Nothing from Congress on the shut down. This morning the bellwether 10 year note at 8 am ET 3.98% unchanged from yesterday, MBS prices unchanged from yesterday.
At 9:30 am the DJIA opened +13, NASDAQ -20, S&P +2. 10 year at 9:30 am 3.96% -3 bps. FNMA 5.5 30 year coupon at 9:30 am +5 bps from yesterday’s close and +8 bps from 9:30 am yesterday.
Yesterday gold made its biggest daily increase ever, +$172; this morning gold is down $140. The yield on the 10 year note has fallen from 4.20% over the last month to 3.95%, the lowest since in a year. Markets will get September existing home sales on Thursday and new home sales on Friday.
The only issue that will move rates today is a deal on the shut down.
PRICES @ 10:00 AM
10 year note: 3.95% -3 bp
5 year note: 3.55% -3 bp
2 year note: 3.44% -2 bp
30 year bond: 4.54% -3 bp
30 year FNMA 5.5: @9:30 am 101.27 +5 bp (+8 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 102.36 unch (+2 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 100.97 +1 bp (+4 bp from 9:30 am yesterday)
Dollar/Yen: 151.73 +0.98 yen
Dollar/Euro: $1.1607 -$0.0035
Dollar Index: 98.86 +0.28
Gold: $4,221.10 -$138.30
Bitcoin: 108,665 -2197
Crude Oil: $57.35 -$0.17
DJIA: 46,749 +43
NASDAQ: 22,921 -70
S&P 500: 6728 -7
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.