November 7th, 2025 9:05 AM by Richard Sardella MLO.100007700/NMLS 233568
No news from Congress on the shutdown.
The lack of key economic data continues today. The October employment report is absent for the second month in a row. The lack of key economic data is generating increasing angst for markets and the Fed.
The only data this morning, the mid-month November University of Michigan consumer sentiment index. It was expected to be 53.2 but was reported at 50.3. Last month was 53.6.
PRICES @ 10:00 AM
10 year note: 4.10% +1 bp
5 year note: 3.69% unch
2 year note: 3.57% unch
30 year bond: 4.71% +3 bp
30 year FNMA 5.5: @9:30 am 100.99 -9 bp (-6 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 102.19 -7 bp (-5 bp from 9:30 am yesterday)
30 year GNMA 5.0: @9:30 am 99.74 +3 bp
Dollar/Yen: 153.28 +0.22 yen
Dollar/Euro: $1.1577 +$0.0029
Dollar Index: 99.57 -0.17
Gold: $3,997.70 +$6.70
Bitcoin: 100,398 -466
Crude Oil: 59.74 +$0.31
DJIA: 46,736 -176
NASDAQ: 22,710 -344
S&P 500: 6662 -56
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.