Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   102-02.50 (-02.5) 2.015%  
 
  FN 3.5% Coupon   104-06 (-01.5)  
 
  Support   2.260%  
 
  Resistance   1.930%  
 
 
 
 
Today's Blurb Tuesday, January 26, 2016
 
 
        Today’s calendar is centered around home prices as the Fed begins their first two day FOMC meeting of the year. The FHFA House Price Index rose in line with market expectations in November, up 0.50% MoM, following a 0.50% advance in October. The S&P/Case-Shiller 20-city adjusted index advanced a solid 0.94% (consensus +0.80%) following a 0.78% rise in October. The S&P/Case-Shiller 20-city adjusted index is up 5.83% YoY following 5.50% YoY in October. Markit US Services PMI posted just under expectations at 53.70 (consensus 54.00) vs. 54.30 prior, and Markit US Composite PMI posted 53.70 vs. 54.00 prior. Treasuries are hovering just below yesterday’s 2:00 PM (PT) close level and the curve is slightly steeper with 2s10s up 0.2 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  01/25 Dallas Fed Manf. Activity 06:30 Jan -14.00 - -20.10 -  
                   
  01/26 FHFA House Price Index MoM 06:00 Nov   0.50% 0.50%   0.50% -  
                   
  01/26 S&P/Case-Shiller US HPI MoM 06:00 Nov - 0.87%   0.88% -  
                   
  01/26 Markit US Services PMI 06:45 Jan P 54.00 53.70 54.30 -  
                   
  01/26 Markit US Composite PMI 06:45 Jan P   - 53.70  54.00 -  
                   
  01/26 Consumer Confidence Index 07:00 Jan 96.50 98.10 96.50 96.30  
                   
  01/26 Richmond Fed Manufact. Index 07:00 Jan 2.00 2.00   6.00 -  
                   
  01/27 MBA Mortgage Applications 04:00 22 Jan   - -   9.00% -  
                   
  01/27 New Home Sales 07:00 Dec   500K -   490K -  
                   
  01/28 Initial Jobless Claims 05:30 23 Jan   281K -   293K -  
                   
  01/28 Continuing Claims 05:30 16 Jan  2218K -  2208K -  
                   
  01/28   Durable Goods Orders 05:30 Dec P  -0.50% -   0.00% -  
                   
  01/28 Bloomberg Consumer Comfort 06:45 24 Jan - - - -  
                   
  01/28 Kansas City Fed Manf. Activity 08:00 Jan - - -9.00 -  
                   
  01/29 GDP Annualized QoQ 05:30 4Q A - - 2.00% -  
                   
  01/29 Personal Consumption 05:30 4Q A - - 3.00% -  
                   
  01/29 GDP Price Index 05:30 4Q A - - 1.30% -  
                   
  01/29 ISM Milwaukee 06:00 Jan - - - -  
                   
  01/29 U. of Mich. Sentiment 07:00 Jan F - - - -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
© Sun West Mortgage Company, Inc. All Rights Reserved