October 22nd, 2026 10:58 AM by Richard Sardella MLO.100007700/NMLS 233568
Nice start today. The catalyst this morning, the NASDAQ index is under pressure after a few days of recovery.
More supporting news: weekly jobless claims at 194K, down 6K from estimates of +200K. Claims reached their lowest level since mid-July, signaling continued labor market resilience despite mounting economic headwinds. Continuing claims rose by 25K to 1.728 million in the week ended October 10.
The wider outlook counters the move into bonds, if the US does attack Iran, it will set off military confrontations across the mid-east. Inflation outlooks will increase with oil prices moving higher. The Fed still likely to increase rates at the December FOMC meeting but not likely to move at next Wednesday’s FOMC meeting. The accumulation of debt by global economies and corporations is a barrier for bond market recovery.
PRICES @ 10:00 AM
10 year note: 5.04% -9 bp
5 year note: 4.86% -9 bp
2 year note: 4.73% -8 bp
30 year bond: 5.34% -7 bp
30 year FNMA 6.5: @9:30 am 101.27 +25 bp (+12 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 99.19 +34 bp (+22 bp from 9:30 am yesterday)
30 year GNMA 6.5: @9:30 am 101.05 +19 bp (+19 bp from 9:30 am yesterday)
Dollar/Yen: 157.23 -0.91 yen
Dollar/Euro: $1.1195 -$0.0036
Dollar Index: 101.81 +0.03
Gold: $4,082 -$68.00
Bitcoin: 81,510 -2955
Crude Oil: $98.95 +$1.80
DJIA: 52,782 -74
NASDAQ: 26,289 -414
S&P 500: 7689 -68
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.