Scott Green
Home Loan Consultant
Monument Mortgage Group
License:
Company NMLS #2512600
Individual NMLS #155901
Home Loan Consultant
Monument Mortgage Group
License:
Company NMLS # 2512600
Individual NMLS #1493357

Counting Down to Ending The Shutdown After Tuesday's Holiday Closure

Counting Down to Ending The Shutdown After Tuesday's Holiday Closure

Bonds were weaker in the overnight session with at least some of the blame presumably going to a sudden improvement in the prospects for reopening the government. To whatever extent that blame is merited, the rest of the week is increasingly interesting. Tuesday is fully closed due to the Veterans Day holiday. A House vote on a shutdown resolution could happen as early as Wednesday. Even if the vote is looking more like Thu/Fri, any headlines that clarify the timeline or the details could be tradeable events.

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Counting Down to Ending The Shutdown After Tuesday's Holiday Closure

MBS & Treasury Markets
UMBS 5.0 99.31 -0.23 10YR 4.122% +0.029% 11/10/2025 5:59PM EST
If members of the House can make it back to D.C. in sufficient numbers, there's a real possibility that the shutdown will end this week. Some marketplace chatter is attempting to connect overnight bond market weakness to those prospects, but an early recovery suggests some skepticism (because the recovery didn't coincide with any new news on the shutdown). Still, a logical case could be made for bond weakness when the shutdown ends, assuming a prolonged shutdown increasingly ...   READ MORE
Today's Mortgage Rates
30YR Fixed 6.34% +0.02% 15YR Fixed 5.84% +0.02% 11/10/2025
Mortgage rates went into the weekend with a small cushion thanks to movement in the bond market on Friday. Specifically, bonds improved after mortgage rates came out for the day. If the improvement had been sharper, mortgage lenders likely would have made a mid-day adjustment to slightly lower levels. The implication was that rates would have been slightly lower this morning if bonds managed to hold the same levels over the weekend. Unfortunately, bonds lost enough ground ...   READ MORE
Economic Calendar
Time Event Period Actual Forecast Prior
Tuesday, Nov 11
12:00AM Veterans Day
6:00AM Oct NFIB Business Optimism Index Oct 98.2 98.3 98.8
10:25PM Fed Barr Speech
Wednesday, Nov 12
12:00AM Roll Date - UMBS 30YR
7:00AM Nov/07 Mortgage Market Index Nov/07 332.3
7:00AM Nov/07 MBA Refi Index Nov/07 1290.8
7:00AM Nov/07 MBA Purchase Index Nov/07 163.3
9:20AM Fed Williams Speech
10:00AM Fed Paulson Speech
10:20AM Fed Waller Speech
12:15PM Fed Bostic Speech
12:30PM Fed Miran Speech
1:00PM 10-yr Note Auction (bl) 42
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Rates are dictated by bonds and bonds take cues from economic data. But during the shutdown, the most important data has been on hold. This week brought a rare concentration of non-government data to help bridge the gap and bonds were more than willing to respond. Almost all the volatility transpired on Wednesday and Thursday surrounding a few key reports. Wednesday's ADP employment was first u... READ MORE
Scott Green
Home Loan Consultant
Monument Mortgage Group
License:
Company NMLS #2512600
Individual NMLS #155901
Home Loan Consultant
Monument Mortgage Group
License:
Company NMLS # 2512600
Individual NMLS #1493357