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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-19.50 (-11.5) 2.068%  
 
  FN 3.5% Coupon   103-31 (-04.5)  
 
  Support   2.260%  
 
  Resistance   1.930%  
 
 
 
 
Today's Blurb Friday, January 22, 2016
 
 
        Existing Home Sales surged more than expected in December as consumers showed confidence in future job/income growth by investing in long term debt commitments. There is a strong correlation between purchase of existing home sales and consumer spending, specifically on durable goods such as furniture and home electronics which in turn will further support the strong dollar. Existing Home Sales rose 14.70% in December following a 10.50% slow down in November led by first time home buyers which accounted for 32.00% of all purchases; this is the highest share of first time home buyers since August of last year. Treasuries are in decline today following the hotter than expected Home Sales print and the curve has steepened with 2s10s up 0.5 bps.
Have A Fantastic Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  01/18 No Data - - - - - -  
                   
  01/19 NAHB Housing Market Index 07:00 Jan 61.00 60.00 61.00 60.00  
                   
  01/20 MBA Mortgage Applications 04:00 15 Jan - 9.00%   21.30% -  
                   
  01/20 Housing Starts 05:30 Dec 1200K 1149K 1173K 1179K  
                   
  01/20 Housing Starts MoM 05:30 Dec   2.30% -2.50%  10.50% 10.10%  
                   
  01/20 Building Permits 05:30 Dec 1200K 1232K 1289K 1282K  
                   
  01/20 Building Permits MoM 05:30 Dec -6.40% -3.90%   11.00% 10.40%  
                   
  01/20 CPI MoM 05:30 Dec   0.00% -0.10%   0.00% -  
                   
  01/20 CPI YoY 05:30 Dec   0.80% 0.70%   0.50% -  
                   
  01/21 Philadelphia Fed Business Outlook 05:30 Jan -5.90 -3.50 -5.90 -10.20  
                   
  01/21 Initial Jobless Claims 05:30 16 Jan 278K 293K 284K 283K  
                   
  01/21 Continuing Claims 05:30 9 Jan 2247K 2208K 2263K 2264K  
                   
  01/21 Bloomberg Consumer Comfort 06:45 17 Jan - 44.00 44.40 -  
                   
  01/22 Chicago Fed Nat Activity Index 05:30 Dec -0.15 -0.22 -0.30 -0.36  
                   
  01/22 Markit US Manufacturing PMI 06:45 Jan P 51.00 52.70 51.20 -  
                   
  01/22 Existing Home Sales MoM 07:00 Dec 9.20% 14.70% -10.50% -  
                   
  01/22 Existing Home Sales 07:00 Dec 5.20M 5.46M 4.76M -  
                   
  01/22 Leading Index 07:00 Dec -0.20% -0.20% 0.40% 0.50%  
                   
 
 
 
 
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  This information is provided solely for informational use and is not intended as trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not a licensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice  
 
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