Back to top

Market Commentary

Home
Market Commentary


Friday
February 06, 2015
10-YEAR NOTES   103-05 (-21)
1.894%
FN 3.5% COUPON   105-07.5 (-07.5)
SUPPORT   2.40%
RESISTANCE   1.62%

 

 

 

 

 

 

Scan with your
Smartphone.
 
   
    Nonfarm Payrolls strengthened in January with massive upward revisions to December’s numbers; December’s data was revised up from 252K to 329K. Nonfarm Payrolls increased 257K vs. consensus of 228K to cap to largest three month gain since November 1997 averaging 336K. A +0.2% increase in the Labor Force Participation Rate led to a 0.1% climb in the Unemployment Rate to 5.7% vs. 5.6% prior (consensus 5.6%). Average hourly earnings increased +0.5% for the largest monthly gain since November 2008, a signal that wage growth is picking up as employers add new jobs. Today’s positive Jobs report helps confirm the Fed’s statement last month that the labor market continues to improve and adds to investor’s speculation that the Fed could raise rates later this year. Treasury yields hit the highest intraday levels in three weeks in response to the hotter than expected payroll data, selling off roughly -21 ticks to push yields to 1.894%. The curve has bear flattened with 2s10s down -0.5 bps and MBS continues yesterday’s outperformance, tightening 3.0-4.5 ticks in the production coupons.
 
Have a Great Weekend!
 
Today's Events:
 
DATE EVENTS TIME (PST) PERIOD SURVEY ACTUAL PRIOR REVISED
02/06 Nonfarm Payrolls 05:30 January 228K 257K 252K 329K
02/06 Unemployment Rate 05:30 January 5.6% 5.7% 5.6% -
 
Visit Us Online

Get Approved

Download Rate Sheet

Price & Lock

Submit Loan

Resolve Loan Conditions

Conventional Program Guidelines

Government Program Guidelines
 
 
For more information, please call:
1-844-SECONDARY

FHA Programs
VA Programs
USDA Rural Housing
HECM Reverse Mortgage
Conforming Products
FHA Multifamily, PowerSaver

GNMA Issuer
Fannie Mae and Freddie Mac Direct Lender
Licensed throughout the U.S. and Puerto Rico
Privately Held Mortgage Bank for Over 32 Years
Excellent Underwriting / Funding Turn Times
 

This information is provided solely for informational use and is not intended as a trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not liscensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to 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, price, guidelines, fees, costs, terms and conditions are subject to change without notice.