Chris Munson
SVP and Managing Director US Sales and Operations
The Money House
P: (407) 255-2047
M: (704) 957-5053
MHOD Portal
8751 Commodity Circle Ste 17
Orlando Fl 32819

Slightly Stronger Start

Tuesday, October 20, 2026

Slightly Stronger Start

The bond market continues to decide who it wants to be in Q4, 2026--the harbinger of inflation concerns, debt issuance and economic growth or a safe haven for cash being freed up by AI capex deleveraging. We're starting slightly stronger today with the AI deleveraging trade apparently setting the tone. Movement is too modest to demand any rigorous analysis (Nasdaq lower, yields lower), but at least it's green.

Latest Video Analysis

What's up With Today's Weakness?

MBS & Treasury Markets
UMBS 6.0
98.86
+0.15 
10YR TREASURY
5.102
-0.033 
10/20/2026 9:40AM EST
MBS Morning: Slightly Stronger Start
The bond market continues to decide who it wants to be in Q4, 2026--the harbinger of inflation concerns, debt issuance and economic growth or a safe haven for cash being freed up by AI capex deleveraging. We're starting slightly stronger today with the AI deleveraging trade apparently setting the tone. Movement is too modest to demand any rigorous analysis (Nasdaq lower, yields lower), but at least it's green.   READ MORE
Alert:
Reprice Risk Increasing Slightly
Alert:
MBS Down Over an Eight From Highs
Today's Mortgage Rates
30YR Fixed
7.43%
+0.06% 
15YR Fixed
7.07%
+0.03% 
10/19/2026
Mortgage Rates Start Week Higher
Mortgage rates were moderately higher to start the new week, adding to the modest losses seen on Friday. The silver lining is that any of the past 3 business days saw the lowest rates since September 23rd. There were no clear reasons for today's rate movement in terms of economic reports or news headlines. The same was true for last week's biggest swings which were driven by broad bond market sentiment as traders sought safer havens due to concerns about a pull-back in the...   READ MORE
Last Week This Week Next Week
Economic Calendar
Time Event Period Actual Forecast Prior
Tuesday, Oct 20
8:15AM ADP Employment Change Weekly 18.5K 24.75K
8:30AM Sep Building Permits (ml) Sep 1.4M 1.39M 1.403M
8:30AM Sep Housing starts number mm (ml) Sep 1.221M 1.30M 1.275M
10:00AM Sep Pending Home Sales (%) Sep -7.3% -0.5% 0.3%
Wednesday, Oct 21
7:00AM Oct/16 Mortgage Market Index Oct/16 199.2
7:00AM Oct/16 MBA Refi Index Oct/16 513.5
7:00AM Oct/16 MBA Purchase Index Oct/16 139.3
10:30AM Oct/16 Crude Oil Inventory (ml) Oct/16 -0.3M -8.557M
1:00PM 20-Yr Bond Auction (bl) 13
Chris Munson
SVP and Managing Director US Sales and Operations
The Money House
P: (407) 255-2047
M: (704) 957-5053
MHOD Portal
8751 Commodity Circle Ste 17
Orlando Fl 32819
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Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.