Market Wrap-up

Our benchmark FNMA MBS 6.000 April Coupon is down -6 BPS at 3:00 PM ET.

Inflation Nation: The headline March CPI jumped 300% from February by rising from 0.3% to 0.9% on a MOM basis and the YOY moved up from 2.4% to 3.3%. Core (ex food and energy) CPI remained at 0.2% MOM and only moved up from 2.5% to 2.6% YOY. However all the readings were largely expected in the market estimates.

Consumer Sentiment: The UofM Preliminary April Consumer Sentiment dropped from 53.3 down to a sub-50 level of 47.6 which was well below the consensus of 52.0.  Inflation Expectations over the next 12 months jumped from 3.8% to 4.8%.

March CPI this morning based on month/month increased 0.9% as expected and up from 0.3% in February, the huge jump due to increased gasoline prices. The University of Michigan consumer sentiment index plummeted to 50.8 in April (preliminary), marking a 10.9% drop from March and the lowest level since June 2022. Driven by spiking inflation fears, the index marked a 34.2% year-over-year decline, reflecting severe anxiety over rising prices and reduced purchasing power, creating the second-lowest reading in the survey’s history. Inflation Expectations: Consumers expect inflation over the next year to hit 6.7%, the highest level since November 1981. The current economic conditions index dropped to 56.5, while expectations for the future plummeted to 47.2, the lowest since May 1980.

The Iran situation continues and we don’t anticipate it will end soon, after this two week cease fire Iran will push for another extension while it continues to make demands and keeps the Strait from opening for all to pass through while the US continues to halt military operations.

There is little likelihood rates are about to trend lower, 30 year mortgage rates will stay high, inflation will build and the Fed will continue to hold out the hope for rate cuts that we don’t see occurring. The headwinds for the potential rate cuts based on where we are now is very unlikely.

Treasury reported March deficit at -$164.1B, better than -$307.5B in February but still increasing. At the moment media isn’t focused on it but will as the year moves on. The US debt is one of the reasons we do not look for long term rates to recede much.

Next Week’s Calendar isn’t as significant as this week when we got inflation news. Monday March existing home sales. Tuesday March PPI (producer price index). Wednesday weekly MBA mortgage applications, March import, and export prices. Thursday weekly jobless claims, March industrial production, and capacity utilization. Friday March building and housing starts.

This week. The 10 year note -2 bp, 2 year note -2 bp. 5.5 MBS price +213 bp. DJIA +1411, NASDAQ +1024, S&P +234. Gold +$98.00, crude oil -$15.32. Bitcoin6,025, dollar index -1.35.

PRICES @ 4:00 PM

10 year note: 4.32% +4 bp

5 year note: 3.95% +5 bp

2 year note: 3.81% +4 bp

30 year bond: 4.92% +3 bp

30 year FNMA 5.5: 100.78 -4 bp (-7 bp from 9:30)

30 year FNMA 6.0: 102.19 +4 bp (unch from 9:30)

30 year GNMA 5.5: 100.86 -4 bp (-5 bp from 9:30)

Dollar/Yen: 159.29 +0.31 yen

Dollar/Euro: $1.1729 +$0.0030

Dollar Index: 98.67 -0.15

Gold: $4,787.50 -$29.50

Bitcoin: 72,992 +864

Crude Oil: $96.13 -$1.74

DJIA: 47,916.33 -269.47

NASDAQ: 22,902.89 +80.448

S&P 500: 6816.79 -7.87

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	3,596.84	44.36	1.25%	9.84	40.86%	11:15 AM
WIG:IND WSE WIG INDEX	131,302.60	1,681.50	1.30%	9.02	44.10%	11:15 AM
WIG30:IND WIG30	4,551.64	60.86	1.36%	9.92	39.00%	11:15 AM

WALUTY

Currency, not sorted	Value, not sorted	Change, not sorted	Net Change, not sorted	Time (EDT), not sorted
EUR-USD	1.1723	0.00	0.21%	4:59 PM
USD-JPY	159.2700	0.31	0.20%	4:59 PM
GBP-USD	1.3462	0.00	0.19%	4:59 PM
AUD-USD	0.7064	0.00	0.25%	4:59 PM
USD-CAD	1.3841	0.00	0.19%	4:59 PM
USD-CHF	0.7887	0.00	0.22%	4:59 PM

 

USD-MXN

17.2996

0.06

0.37%

4:59 PM

 

USD-CZK	20.7854	0.05	0.23%	4:59 PM
USD-SKK	26.1544	0.05	0.18%	04/06/2026
USD-PLN	3.6267	0.00	0.10%	4:59 PM
USD-HUF	320.2900	1.66	0.52%	4:59 PM
USD-RUB	76.9738	0.77	0.99%	2:09 PM

POŻYCZKI HIPOTECZNE

ELITE 21-30 YEAR
RATE	15 DAY	30 DAY	45 DAY
7.250	-3.523	-3.433	-3.303
7.125	-3.471	-3.381	-3.251
6.999	-3.184	-3.094	-2.964
6.875	-2.678	-2.588	-2.458
6.750	-2.113	-2.023	-1.893
6.625	-2.592	-2.502	-2.372
6.500	-2.244	-2.154	-2.024
6.375	-1.648	-1.558	-1.428
6.250	-0.999	-0.909	-0.779
6.125	-1.282	-1.192	-1.062
5.999	-0.868	-0.778	-0.648
5.875	-0.198	-0.108	0.022
5.750	0.561	0.651	0.781
5.625	0.349	0.439	0.569
5.500	0.908	0.998	1.128
5.375	1.748	1.838	1.968
5.250	2.620	2.710	2.840
5.125	2.401	2.491	2.621
5.000	3.078	3.168	3.298

 

ELITE 11-15 YEAR
RATE	15 DAY	30 DAY	45 DAY
6.500	-3.148	-3.058	-2.928
6.375	-2.889	-2.799	-2.669
6.250	-2.395	-2.305	-2.175
6.125	-2.296	-2.206	-2.076
6.000	-2.051	-1.961	-1.831
5.875	-1.762	-1.672	-1.542
5.750	-1.257	-1.167	-1.037
5.625	-1.169	-1.079	-0.949
5.500	-0.883	-0.793	-0.663
5.375	-0.539	-0.449	-0.319
5.250	-0.003	0.087	0.217
5.125	0.386	0.476	0.606
5.000	0.745	0.835	0.965
4.875	1.118	1.208	1.338
4.750	1.675	1.765	1.895
4.625	1.674	1.764	1.894
4.500	2.070	2.160	2.290
4.375	2.478	2.568	2.698
4.250	3.064	3.154	3.284
30 Yr. Fixed 6.39% +0.01% 5.99% 7.08% 15 Yr. Fixed 5.99% +0.01% 5.55% 6.48% 30 Yr. Jumbo 6.55% +0.00% 6.1% 7.2%
Compare Mortgage Rates from Local Lenders for Apr 10, 2026
Mortgage Rates Remain Surprisingly Calm Fri, Apr 10, 2026 1:44PM If we’re splitting hairs, today’s average mortgage rates are technically higher than yesterday’s, but the change is so small that it’s just as fair to say that rates are flat. This closes out a week with surprisingly low volatility compared to that seen in March. In part, this can be attributed to longer-term oil prices being less volatile after moving down from their highs in late March. It’s also a reflection of uncertainty surrounding the outcome of the Iran war. The war (specifically, the economic/inflation implications) continue to be primary source of motivation for rates even in the p… (read more)
Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.39% +0.01 0.00 15 Yr. Fixed 5.99% +0.01 0.00 30 Yr. FHA 5.91% +0.01 0.00 30 Yr. Jumbo 6.55% 0.00 0.00 7/6 SOFR ARM 6.02% +0.02 0.00 30 Yr. VA 5.93% +0.01 0.00 Updates Daily – Last Update: 4/10   Freddie Mac Rate Change Points 30 Yr. Fixed 6.37% -0.09 0.00 15 Yr. Fixed 5.74% -0.03 0.00 Updates Weekly – Last Update: 4/9   Mortgage Bankers Assoc. 30 Yr. Fixed 6.51% -0.06 0.61 15 Yr. Fixed 5.90% +0.01 0.74 30 Yr. Jumbo 6.54% -0.05 0.35 Updates Weekly – Last Update: 4/8
UMBS 30YR 5.0 98.95 -0.10 95.71 100.50 UMBS 30YR 5.5 100.77 +0.02 98.11 101.64 10 YR Treasury 4.321 +0.044 3.948 4.590
No Whammies in CPI Data (And No Bond Market Reaction) Fri, Apr 10, 2026 9:06AM The median forecast for monthly core CPI was 0.28% (0.3 after rounding up for most econ calendars). Today’s actual number was 0.196–obviously quite a bit lower than forecasts. In addition, supercore fell to .179 from .349. Despite those victories, forecasts correctly predicted a sharp rise in headline inflation which moved up from 2.4% to 3.3% year over yea… (read more)
MBS Price Change UMBS 4.5 96.85 -0.12 UMBS 5.0 98.95 -0.10 UMBS 5.5 100.77 +0.02 GNMA 4.5 96.89 -0.18 GNMA 5.0 99.63 -0.17 GNMA 5.5 100.95 -0.02 Pricing as of: 4/10 2:11PM EST   US Treasury Yield Change 2 YR Treasury 3.806 +0.041 5 YR Treasury 3.945 +0.048 7 YR Treasury 4.127 +0.045 10 YR Treasury 4.321 +0.044 30 YR Treasury 4.921 +0.039 Pricing as of: 4/10 2:11PM EST