Broker/Owner
Collaborative Capital
License:
NMLS# 278724
NMLS# 2385760

Slightly Weaker Start. Keep 3-Day Weekend in Mind

Slightly Weaker Start. Keep 3-Day Weekend in Mind

After yesterday's nice comeback, here's how we're thinking about today. Fridays before 3-day weekends:

  • frequently see a move to the sidelines among certain investors. Traders who were tactically long bonds over the past 2 days could be booking profit. Translation: some of the strength over the past 2 days could turn to weakness for purely mechanical reasons. 
  • frequently see less determination to aggressively pursue new trading ideas in the absence of compelling econ data. 
  • often "don't count" when it comes to forming our view of prevailing short term trends.

Bonds are starting out slightly weaker, but MBS are right in line with Wednesday's close. Treasuries are even better than Wed's close.  It would be a victory to close around these levels today. Any improvement is a bonus. And deterioration can be forgiven, as long as it doesn't get out of hand.

Latest Video Analysis

Yields Plummet

MBS & Treasury Markets
UMBS 6.0
98.15
-0.07 
10YR TREASURY
5.245
+0.014 
10/9/2026 12:50PM EST
We won't assume bonds are completely out of the woods today, but we've seen enough strength at this point to avoid panic.  The last alert mentioned bonds were already possibly starting to bounce and that bounce has continued for the past 90 minutes. No particular reason. Volume has been lighter since then, and it's not uncommon for the days before 3 days weekends to see an unofficial early close around lunch time. Technicians and tea-leaf-readers would point out the 2...   READ MORE
Today's Mortgage Rates
30YR Fixed
7.48%
-0.02% 
15YR Fixed
7.15%
-0.02% 
10/9/2026
Even though the underlying bond market is in slightly weaker shape today, mortgage rates ended up trickling just a bit lower than yesterday's latest levels. This can happen on occasions when there is a strong rally late in the previous day. Mortgage lenders don't end up passing along all of that improvement in rate sheets and some of them decide to wait for the following day to make the adjustments.  In addition, this morning's slightly weaker bond market performance...   READ MORE
Economic Calendar
Time Event Period Actual Forecast Prior
Friday, Oct 09
12:00AM Roll Date - UMBS 30YR
10:00AM Oct Sentiment: 5y Inflation (%) Oct 3.5% 3.4%
10:00AM Oct Consumer Sentiment (ip) Oct 46.3 47.6 48.1
10:00AM Oct U Mich conditions Oct 44.7 50.5 50.9
10:00AM Oct Sentiment: 1y Inflation (%) Oct 4.7% 4.6%
4:00PM Fed Collins Speech
Monday, Oct 12
12:00AM Indigenous Peoples’ Day
Broker/Owner
Collaborative Capital
License:
NMLS# 278724
NMLS# 2385760