September 29th, 2025 2:50 PM by Richard Sardella MLO.100007700/NMLS 233568
The only data today August pending home sales, but the week has key data points to contend with, since Powell made employment a key for the Fed in lowering rates this week has JOLTS job opening. ADP private jobs, weekly jobless claims, and the September employment report. Over the past two weeks weekly jobless claims have been reported lower than estimates contrary to what the Fed is expecting. The 10 year in the past 12 days has moved from 4.00% to 4.20% last Friday.
The US government debt ceiling has been reached, unless some extension is passed by Wednesday Treasury will not have money and the lights will turn off in the government. The President is set to meet with congressional leaders on today for last-minute talks. There is little optimism for a deal.
At 9:30 am ET the DJIA opened +109, NASDAQ +127, S&P +24, 10 year at 9:30 am 4.16% -2 bp. FNMA 5.5.30 year coupon +1 bp from Friday’s close and +5 bps from 9:30 am Friday.
The only data today, August pending home sales expected +0.7% but was reported at +4.0%.
PRICES @ 10:00 AM
10 year note: 4.15% -3 bp
5 year note: 3.75% -3 bp
2 year note: 3.64$ -1 bp
30 year bond: 4.72% -4 bp
30 year FNMA 5.5: @9:30 am 100.76 -1 bp (+3 bp from 9:30 am Friday)
30 year FNMA 6.0: @9:30 am 102.08 -2 bp (+2 bp from 9:30 am Friday)
30 year GNMA 5.5: @9:30 am 100..69 -6 bp (+4 bp from 9:30 am Friday)
Dollar/Yen: 148.56 -0.94 yen
Dollar/Euro: $1.1750 +$0.0047
Dollar Index: 97.79 -0.36
Gold: $3,856.60 +$47.60
Bitcoin: 113,405 +3080
Crude Oil: $63.85 -$1.87
DJIA: 46,199 -48
NASDAQ: 22,672 +189
S&P 500: 6671 +27
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.