MortgageMarketGuide

Thank you Todd Duncan. Mortgage Market Guide and Tabrasa are about helping mortgage originators win the advice game. youtube.com/watch?v=Dx6EdWjb…

Ahead of the 8:30 release of October CPI, mortgage bonds open lower while the 10-year yield is near unchanged at 4.89%. Stock futures are mixed. WTI oil is at $85.05/bbl, down $1.80.

The Treasury will auction $58B in 3-year notes today, with results shortly after 1:00 p.m. ET, followed by $42B in 10-year notes tomorrow and $25B in 30-year bonds Thursday. Fed speakers will also be plentiful throughout the week.

No economic reports are scheduled for release today. October CPI arrives Tuesday, followed by PPI on Friday.

Mortgage bonds kick off the week near unchanged, while the 10-year yield slips to 4.84%. Stock futures are in positive territory, shrugging off Nvidia woes. WTI oil is at $87.69/bbl, down $3.01.

Mortgage bonds and Treasury yields show little reaction to the stronger-than-expected jobs report, with the 10-year holding at 4.87%. Stock futures are also largely unchanged with the Dow lower, S&P and Nasdaq higher.

October Nonfarm Payrolls rise 165K; est. 65K. October Unemployment Rate 4.1%; est. 4.2%. October average hourly earnings 0.4% m/m; est. 0.3%, y/y 3.1%; est. 2.9%.

Mortgage bonds edge lower while the 10-year yield inches higher to 4.87% ahead of the October jobs report at 8:30. Dow futures are lower, S&P and Nasdaq higher. WTI oil $90.67/bbl, flat.

Following yesterday's big gains in bond prices and decline in yields, mortgage bonds open slightly lower while the 10-year yield edges up to 4.90%. Dow and S&P futures are higher, while Nasdaq is lower. WTI oil is at $89.82/bbl, up $1.70.

The 10-year yield is 4.89%.

October ADP Private Payrolls rose by 86K vs 67K expected.

After the shift in power in Congress, mortgage bonds are higher, yields fall while the Dow is up 1500 points. WTI oil has dropped to $88/bbl, down $8.09.

Mortgage bonds and Treasury yields are near unchanged, with the 10-year yield at 4.93%. WTI oil is up $0.79 to $97.25/bbl and down from near $99 seen earlier. Dow and S&P futures are lower, while Nasdaq futures are little changed. The markets brace for midterm elections today.

Falling oil prices are supporting bonds, while stocks are higher. The 10-year yield has slipped to 4.89%, with mortgage bond prices in positive territory. WTI oil is trading at $97.60/bbl, down $6.55.

Daylight Saving Time ends Sunday, November 1, as clocks are turned back one hour to standard time.

The safety trade continues this morning, with stock futures pointing to a lower open, offering support to the bond markets. However, gains are limited as oil prices rise. The 10-year yield is at 4.92%, while mortgage bond prices are higher. WTI oil is at $104.16/bbl, up $2.16.

September Core PCE rises 0.3% m/m; est. 0.3%, up 3.1% y/y; est. 3.1%. Q3 GDP rises annualized 3.4% Q/Q; est. 3.2%. Weekly Initial Jobless Claims remain near historic lows of 194K.

Ahead of the 8:30 release of September Core PCE and the first read on Q3 GDP, mortgage bonds and yields are flat. The 10-year yield is at 5.02%. Stock futures are lower. WTI oil is at $101.87/bbl, down 91 cents.

Watch Fed Chair Warsh's press conference here. federalreserve.gov/live-broa…

Fed holds rates, says more data will help the next decision. Fed Funds Rate unchanged at 3.75% - 4.00% range.

The Fed's policy statement is due at 2:00 p.m. ET, followed by Fed Chair Warsh's press conference at 2:30.