Market Wrap-up

Our benchmark FNMA MBS 5.500 June Coupon is down -27 BPS at 2:55 PM ET.

Jobs, Jobs, Jobs: Its Big Jobs Friday!! You can read the official BLS report here. Here is Bryan’s Tale of the Tape:

Jobs:

May Non Farm Payroll (NFP) was 172K versus estimates of only 85K.

April NFP revised higher from 115K to 179K.

March NFP revised higher from 185K to 214K.

The rolling three month average shot up to 188K which is substantial.

Wages:

The Average Hourly Earnings rate increased by 12 cents to $37.53.

MOM, it increased by 0.3% which matched expectations.

YOY, it increased by 3.4% which matched expectations but is lower than April’s pace of 3.6%.

Unemployment:

The headline Unemployment Rate remained at 4.3% which was expected.

The U6 Underemployment Rate moved from 8.0% to +8.1%.

Labor Force Participation Rate remained at 61.8%.

May, April and March employment reported this morning, much higher than all the estimates. Non-farm jobs expected +85K increased 172K, April jobs revised from 115K to 214K. Private jobs estimates +90K reported at +120K, April private jobs revised from 123K to 177K, March jobs were also revised higher (+39K) the revisions take job revisions 93K higher than originally released adding to the May increase. Interest rates the highest in two weeks.

The stock indexes caved today, the NASDAQ had the biggest one-day decline in its history, the DJIA and S&P also crumbled.

Was the market really expecting the Fed to lower rates by year’s end? Market reactions suggest yes. With the data this morning the momentary thoughts are the Fed will increase the FF rate. That said, next week is another week, and we get CPI and PPI inflation data.

Next Week: most likely we will get updated news from Trump on the Iran situation. Economic releases: Tuesday May existing home sales, May NFIB small business optimism index, April US trade balance. Wednesday weekly MBA mortgage applications, May CPI, May Treasury budget. Thursday May PPI, weekly jobless claims. Friday U. of Michigan mid-month consumer sentiment index.

This Week: 10 year note yield increased 10 bps; the 2 year note +15 bps. FNMA 5.5 30 year coupon this week -48 bps, the 6.0 coupon -25 bps. The DJIA -167, NASDAQ -4,264, S&P -176. Gold -$237.00 this week, crude oil +$2.50. The dollar continued to increase, the index up 1.21, Bitcoin took another hit this week declining 13,822 to 59,771, the high for the coin 125,000.

PRICES @ 4:00 PM

10 year note: 4.55% +7 bp

5 year note: 4.29% +10 bp

2 year note: 4.17% +12 bp

30 year bond: 5.01% +3 bp

30 year FNMA 6.0: 101.89 -13 bp (+2 bp from 9:30)

30 year FNMA 5.5: 99.94 -41 bp (-9 bp from 9:30)

30 year GNMA 6.0: 101.61 -16 bp (-2 bp from 9:30)

Dollar/Yen: 160.19 +0.16 yen

Dollar/Euro: $1.1522 -$0.0091

Dollar Index: 100.08 +0.67

Gold: $4,347 -$158

Bitcoin: 59,771 -3798

Crude Oil: $90.37 -$2.67

DJIA: 50,866.78 -695.15

NASDAQ: 25,709.43 -1121.53

S&P 500: 7383.74 -200.57

SOFR Data 06/05: 30-DAY AVERAGE(%): 3.58967, 90-DAY AVERAGE(%): 3.63865, 180-DAY AVERAGE(%): 3.68806, INDEX: 1.24596107

Poland

Name, not sorted	Value, not sorted	Change, not sorted	% Change, not sorted	1 Month, not sorted	1 Year, not sorted	Time (EDT), not sorted
WIG20:IND WIG 20	3,607.79	71.75	1.95%	2.22	31.95%	11:15 AM
WIG:IND WSE WIG INDEX	134,708.94	2,015.61	1.47%	3.58	34.40%	11:15 AM
WIG30:IND WIG30	4,580.16	79.19	1.70%	2.40	29.25%	11:15 AM

WALUTY

Currency, not sorted	Value, not sorted	Change, not sorted	Net Change, not sorted	Time (EDT), not sorted
EUR-USD	1.1522	0.01	0.77%	4:59 PM
USD-JPY	160.2900	0.27	0.17%	4:59 PM
GBP-USD	1.3342	0.01	0.61%	4:59 PM
AUD-USD	0.7048	0.01	1.21%	4:59 PM
USD-CAD	1.3937	0.00	0.21%	4:59 PM
USD-CHF	0.7961	0.01	0.82%	4:59 PM

USD-CZK	21.0027	0.16	0.78%	4:59 PM
USD-SKK	26.1464	0.20	0.77%	4:59 PM
USD-PLN	3.6806	0.03	0.87%	4:59 PM
USD-HUF	308.4500	3.38	1.11%	4:59 PM
USD-RUB	73.5944	0.19	0.25%	3:15 PM

USD-MXN

17.4748

0.19

1.10%

4:59 PM

POŻYCZKI HIPOTECZNE

ELITE 21-30 YEAR				ELITE 16-20 YEAR
RATE	15 DAY	30 DAY	45 DAY	RATE	15 DAY	30 DAY	45 DAY
7.625	-4.096	-4.006	-3.876	7.625	-4.182	-4.092	-3.962
7.500	-3.583	-3.493	-3.363	7.500	-3.597	-3.507	-3.377
7.375	-3.051	-2.961	-2.831	7.375	-2.999	-2.909	-2.779
7.250	-2.502	-2.412	-2.282	7.250	-2.446	-2.356	-2.226
7.125	-2.366	-2.276	-2.146	7.125	-2.446	-2.356	-2.226
6.999	-2.050	-1.960	-1.830	6.999	-2.097	-2.007	-1.877
6.875	-1.522	-1.432	-1.302	6.875	-1.595	-1.505	-1.375
6.750	-0.912	-0.822	-0.692	6.750	-1.033	-0.943	-0.813
6.625	-1.135	-1.045	-0.915	6.625	-1.125	-1.035	-0.905
6.500	-0.743	-0.653	-0.523	6.500	-0.732	-0.642	-0.512
6.375	-0.104	-0.014	0.116	6.375	-0.206	-0.116	0.014
6.250	0.591	0.681	0.811	6.250	0.382	0.472	0.602
6.125	0.523	0.613	0.743	6.125	0.509	0.599	0.729
5.999	1.009	1.099	1.229	5.999	0.962	1.052	1.182
5.875	1.786	1.876	2.006	5.875	1.530	1.620	1.750
5.750	2.592	2.682	2.812	5.750	2.152	2.242	2.372
5.625	2.699	2.789	2.919	5.625	2.659	2.749	2.879
5.500	3.262	3.352	3.482	5.500	3.189	3.279	3.409
5.375	4.100	4.190	4.320	5.375	3.801	3.891	4.021

ELITE 11-15 YEAR				ELITE 8-10 YEAR
RATE	15 DAY	30 DAY	45 DAY	RATE	15 DAY	30 DAY	45 DAY
7.125	-3.281	-3.191	-3.061	7.000	-3.054	-2.964	-2.834
7.000	-3.086	-2.996	-2.866	6.875	-2.858	-2.768	-2.638
6.875	-2.837	-2.747	-2.617	6.750	-2.363	-2.273	-2.143
6.750	-2.343	-2.253	-2.123	6.625	-2.172	-2.082	-1.952
6.625	-2.209	-2.119	-1.989	6.500	-1.996	-1.906	-1.776
6.500	-1.969	-1.879	-1.749	6.375	-1.777	-1.687	-1.557
6.375	-1.687	-1.597	-1.467	6.250	-1.268	-1.178	-1.048
6.250	-1.177	-1.087	-0.957	6.125	-1.244	-1.154	-1.024
6.125	-1.085	-0.995	-0.865	6.000	-1.049	-0.959	-0.829
6.000	-0.818	-0.728	-0.598	5.875	-0.794	-0.704	-0.574
5.875	-0.492	-0.402	-0.272	5.750	-0.265	-0.175	-0.045
5.750	0.037	0.127	0.257	5.625	0.081	0.171	0.301
5.625	0.435	0.525	0.655	5.500	0.317	0.407	0.537
5.500	0.749	0.839	0.969	5.375	0.604	0.694	0.824
5.375	1.117	1.207	1.337	5.250	1.166	1.256	1.386
5.250	1.679	1.769	1.899	5.125	1.708	1.798	1.928
5.125	2.138	2.228	2.358	5.000	1.987	2.077	2.207
5.000	2.506	2.596	2.726	4.875	2.293	2.383	2.513
4.875	2.899	2.989	3.119	4.750	2.867	2.957	3.087

OPROCENTOWANIA I OBLIGACJE

30 Yr. Fixed

6.66% +0.08%

5.99%

6.97%

15 Yr. Fixed

6.13% +0.02%

5.55%

6.25%

30 Yr. Jumbo

6.70% +0.02%

6.1%

7.05%

Compare Mortgage Rates from Local Lenders for Jun 5, 2026

Mortgage Rates Jump After Strong Jobs Report

Fri, Jun 5, 2026 2:29PM

Over the past three months, mortgage rate movement has been driven primarily by developments in the Iran war. It’s not that war, itself, is a consideration, but rather the implications for fuel prices and inflation. Bonds care deeply about inflation and interest rates are based directly on bonds. When inflation isn’t raging (or at the risk of raging), rates/bonds spend most of their time thinking about the economy. Lately, the data has been even-keeled enough that it hasn’t had enough of an impact to override the war’s inflation-related volatility, but today was an exception. The jobs report… (read more)

Mortgage News Daily	Rate	Change	Points
30 Yr. Fixed	6.66%	+0.08	0.00
15 Yr. Fixed	6.13%	+0.02	0.00
30 Yr. FHA	6.18%	+0.07	0.00
30 Yr. Jumbo	6.70%	+0.02	0.00
7/6 SOFR ARM	6.30%	+0.12	0.00
30 Yr. VA	6.19%	+0.06	0.00
Updates Daily – Last Update: 6/5

Freddie Mac	Rate	Change	Points
30 Yr. Fixed	6.48%	-0.05	0.00
15 Yr. Fixed	5.79%	-0.08	0.00
Updates Weekly – Last Update: 6/4

Mortgage Bankers Assoc.
30 Yr. Fixed	6.57%	-0.08	0.67
15 Yr. Fixed	5.93%	-0.04	0.76
30 Yr. Jumbo	6.66%	-0.02	0.35
Updates Weekly – Last Update: 6/3

UMBS 30YR 5.0

97.68 -0.57

96.26

100.50

UMBS 30YR 5.5

99.96 -0.40

98.57

101.64

10 YR Treasury

4.543 +0.066

3.948

4.668

Job Market Says “I’m Not Dead Yet.” Bond Market Doesn’t Love It

Fri, Jun 5, 2026 10:08AM

Buzz has been growing around the labor market for the past several months, but today’s jobs report went the extra mile to make it official. The job market is officially re-accelerating. Actually, the better claim would be that the jobs market is simply attempting to level off after a very long post-covid normalization. Most of today’s charts show that quite … (read more)

MBS	Price	Change
UMBS 4.5	95.20	-0.60
UMBS 5.0	97.68	-0.57
UMBS 5.5	99.96	-0.40
GNMA 4.5	95.40	-0.61
GNMA 5.0	98.23	-0.41
GNMA 5.5	100.22	-0.34
Pricing as of: 6/5 5:16PM EST