March 10th, 2026 8:58 AM by Richard Sardella MLO.100007700/NMLS 233568
The 10 year improved yesterday as did MBS prices. The improvement came in the afternoon when the price of crude dropped from a high of $119.00/barrel to close at $85.00.
Focus squarely on Iran and how the US and global economies weather the uncertainty. There is a growing idea on Wall Street the US economy is headed for stagflation (weakening economic outlook with interest rates not declining). The outlook for the Fed lowering interest rates is melting fast.
Early this morning the February NFIB (National Federation of Small Businesses) index at 98.8 down from 99.3 in January.
US private employers added an average of 15,500 jobs per week in the four weeks ending February 21st, the same pace of job growth from the previous week, according to the ADP research Institute. It marked the sharpest pace of net job creation since late November of 2025, challenging the job losses that were reflected in the latest Bureau of Labor Statistics jobs report.
At 10 am February existing home sales, expected at 3.880 million reported better at 4.09 million.
At 1 pm this afternoon Treasury will auction $58B of 3 year notes. Recent auction over the last six weeks have met with tepid demand with the declining US dollar, the dollar recently has been improving, we will see if it helps the auction.
PRICES @ 10:00 AM
10 year note: 4.12% +2 bp
5 year note: 3.71% +2 bp
2 year note: 3.57% +2 bp
30 year bond: 4.76% +4 bp
30 year FNMA 5.0: @9:30 am 99.83 +4 bp (+23 bp from 9:30 am yesterday)
30 year FNMA 5.5: @9:30 am 101.18 -4 bp (+6 bp from 9:30 am yesterday)
30 year GNMA 5.0: @9:30 am 100.16 +4 bp (+20 bp from 9:30 am yesterday)
Dollar/Yen: 157.76 +0.09 yen
Dollar/Euro: $1.1641 +$0.0003
Dollar Index: 98.68 -0.50
Gold: $5,224.80 +$121.10
Bitcoin: 69,793 +786
Crude Oil: $87.62 -$7.15
DJIA: 47,512 -229
NASDAQ: 22,645 -31
S&P 500: 6770 -26
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.