March 6th, 2026 9:02 AM by Richard Sardella MLO.100007700/NMLS 233568
The February employment report showed a huge loss in jobs. Month/month jobs expected +60K, reported -92K, January jobs revised from 130K to 126K. Private jobs thought to be +65K were down -88K. The unemployment rate at 4.4% as expected, up from 4.3%. Average hourly earnings +0.4% unchanged from January, year/year earnings +3.8% from 3.7% in January.
January retail sales expected -0.4%, reported -0.2%, ex-vehicles sales 0.0%, as were December sales.
Federal Reserve Governor Christopher Waller commenting this morning, said he doesn’t expect the Iran war to have a sustained impact on inflation. “For us thinking about policy going forward, this is unlikely to cause sustained inflation,” Waller told Bloomberg Television. “That’s one reason we don’t look at energy prices. When we look at core, core is a better predictor of future inflation,” he added, referring to a measure of inflation that strips out volatile energy and food prices.
PRICES @ 10:00 AM
10 year note: 4.17% +3 bp
5 year note: 3.75% +2 bp
2 year note: 3.58% -1 bp
30 year bond: 4.79% +3 bp
30 year FNMA 5.0: @9:30 am 99.55 -26 bp (-33 bp from 9:30 am yesterday)
30 year FNMA 5.5: @9:30 am 101.19 -7 bp (-9 bp from 9:30 am yesterday)
30 year GNMA 5.0: @9:30 am 99.86 -6 bp (-8 bp from 9:30 am yesterday)
Dollar/Yen: 157.83 +0.27 yen
Dollar/Euro: $1.1566 -$0.0043
Dollar Index: 99.35 +0.02
Gold: $5,097.90 +$19.20
Bitcoin: 68,731 -2513
Crude Oil: $89.00 +$7.99
DJIA: 47,023 -932
NASDAQ: 22,404 -345
S&P 500: 6717 -114
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.