October 21st, 2026 1:18 PM by Richard Sardella MLO.100007700/NMLS 233568
MBA mortgage apps dropped 5.3% last week, purchase apps -7.3%, refis -3.0%.
The DJIA opened at 9:30 am ET +139 on good earnings reported, NASDAQ +184 trying to rebound from heavy selling last week, S&P +20. 10 year at 9:30 am 5.10% -2 bps. FNMA 6.5 30 year coupon at 9:30 am +9 bps from yesterday’s close and +6 bps from 9:30 am yesterday.
Crude oil having another volatile session. Yesterday crude hit $110.00, then closed at $101.00. This morning’s high $110.00 again, but by 10 am back to $97.00.
PRICES @ 10:00 AM
10 year note: 5.09% -3 bp
5 year note: 4.90% -3 bp
2 year note: 4.77% -2 bp
30 year bond: 5.40% -2 bp
30 year FNMA 6.5: @9:30 am 101.14 +9 bp (+6 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 98.97 +12 bp (+15 bp from 9:30 am yesterday)
30 year GNMA 6.5: @9:30 am 100.86 +6 bp (+9 bp from 9:30 am yesterday)
Dollar/Yen: 157.98 -0.19 yen
Dollar/Euro: $1.1233 -$0.006
Dollar Index: 101.71 unch
Gold: $4,154 +$11.00
Bitcoin: 83,532 +1041
Crude Oil: $97.22 -$0.60
DJIA: 52,582 +46
NASDAQ: 26,617 +192
S&P 500: 7731 +18
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.