September 15th, 2026 8:48 AM by Richard Sardella MLO.100007700/NMLS 233568
Today the FOMC meeting begins, nothing will materialize until tomorrow afternoon when the policy statement is released and Fed chair Warsh’s press conference. The Fed is presumed to increase the FF rates by 25 bps, already built into current levels, it’s what Warsh may signal about future increases that will get reactions. Reading comments from various analysts there is growing speculation for additional increases going forward, always prior to a major news release speculations are exaggerated somewhat, still the negative outlook is real.
The only economic report today, September Empire State manufacturing index and it isn’t a market-mover, the index expected at 14.1 from 20.6 in August reported at 7.6.
At 1 pm Treasury will auction $13B of 20 year bonds.
Over night crude oil price reached $104.00/barrel, up $3.00; by 9:30 am the price up just $1.00. There is high volatility in oil movement today.
PRICES @ 10:00 AM
10 year note: 5.00% +2 bp
5 year note: 4.83% unch
2 year note: 4.66% -1 bp
30 year bond: 5.37% +2 bp
30 year FNMA 6.0: @9:30 am 99.55 -9 bp (-14 bp from 9:30 am yesterday)
30 year FNMA 5.5: @9:30 am 97.09 -9 bp (-8 bp from 9:30 am yesterday)
30 year GNMA 6.0: @9:30 am 99.93 -10 bp (-13 bp from 9:30 am yesterday)
Dollar/Yen: 155.04 +0.69 yen
Dollar/Euro: $1.1545 -$0.0004
Dollar Index: 99.61 +0.22
Gold: $4,329.50 -$22.40
Bitcoin: 76,261 -2732
Crude Oil: $103.56 +$2.17
DJIA: 52,085 -337
NASDAQ: 26,133 -54
S&P 500: 7607 -13
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.