CHM Blog

Economic data this week was much stronger than thought, here and in Europe. September purchasing managers indexes were strikingly strong, weekly jobless claims yesterday remain at 60 year lows. August durable goods orders this morning better than thought, expected -0.4%, reported unchanged.

Talks between the US and Iran moving forward. Iran said it offered to open the Hormuz Strait and resume nuclear talks. Talks between the US and China proceeding, according to reports China wants to cool the war, crude oil lower this morning. A deal will drop the price of oil and take a little pressure off inflation worries.

PRICES @ 10:00 AM

10 year note: 5.19% -1 bp

5 year note: 5.03% -3 bp

2 year note: 4.90% -4 bp

30 year bond: 5.49% +1 bp

30 year FNMA 6.0: @9:30 am 98.48 +18 bp (-54 bp from 9:30 am yesterday)

30 year FNMA 5.5: @9:30 am 95.84 +11 bp (-66 bp from 9:30 am yesterday)

30 year GNMA 6.0: @9:30 am 98.48 +11 bp (-64 bp from 9:30 am yesterday)

Dollar/Yen: 157.01 -1.85 yen

Dollar/Euro: $1.1403 +$0.0021

Dollar Index: 100.93 -0.35

Gold: $4,316.50 +$18.50

Bitcoin: 83,791 -409

Crude Oil: $93.40 -$1.21

DJIA: 51,582 +232

NASDAQ: 27,053 +113

S&P 500: 7727 +23

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.