September 12th, 2025 8:58 AM by Richard Sardella MLO.100007700/NMLS 233568
Yesterday the August CPI Inflation repport remained well above what the fed wants to see. Month over month CPI was thought to be to have increased 0.3% but actually increased to 0.4%. The core reading, excluding food and energy, was unchanged from July. Month over month it increased 0.3%. Year over year it increased 3.1%.
Fed chair Powell implied the Fed may have to re-think its 2.0% inflation target as it may be too aggressive and perhaps unrealistic. His remarks were taken as providing breathing room for the Fed.
The FOMC policy statement and Powell’s press conference will be next Wednesday, September 17th.
At 10 am ET the mid-month University of Michigan consumer sentiment index was expected at 58.2. It was reported at 55.4.
PRICES @ 10:00 AM
10 year note: 4.07% +6 bp
5 year note: 3.63% +5 bp
2 year note: 3.56% -3 bp
30 year bond: 4.70% +4 bp
30 year FNMA 5.5: @9:30 am 101.10 -9 bp (-10 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 102.38 -6 bp (-10 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 101.12 -10 bp (+3 bp from 9:30 am yesterday)
Dollar/Yen: 147.82 +0.59 yen
Dollar/Euro: $1.1706 -$0.0027
Dollar Index: 97.82 +0.28
Gold: $3,687.10 +$14.00
Bitcoin: 114,881 +405
Crude Oil: $63.40 +$1.03
DJIA: 46,061 -47
NASDAQ: 22,076 +33
S&P 500: 6589 +1
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.