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Market Commentary


 
Today's Coupons
 
  10-Year Notes   104-18.5 (-02) 1.738%  
 
  FN 3.5% Coupon   104-22.5 (-03)  
 
  Support   2.200%  
 
  Resistance   1.830%  
 
 
 
 
Today's Blurb Wednesday, February 10, 2016
 
 
         MBA Mortgage Applications rose 9.30% last week following a 2.60% decline prior. Purchases edged up 0.20% following a 7.00% drop prior, Refinancing jumped 15.80% from 0.30% prior, and the average interest rate for a 30-Year Conventional Conforming loan fell from 3.970% to 3.910%. Janet Yellen will give her semi-annual testimony later today. We hope for fresh guidance and look to see how she reacts to recent weakness both locally and abroad. Treasuries are hovering just below yesterday's 2:00 PM (PT) close and the curve has flattened with 2s10s down 2.8 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  02/08 No Data - -   - - - -  
                   
  02/09 JOLTS Job Openings 07:00 Dec    5413.00   5607.00    5431.00  5346.00  
                   
  02/09 Wholesale Inventories MoM 07:00 Dec -0.20% -0.10% -0.30% -0.40%  
                   
  02/09 Wholesale Trade Sales MoM 07:00 Dec -0.40% -0.30%  -1.00% -1.30%  
                   
  02/10 MBA Mortgage Applications 04:00 5 Feb   - 9.30%  -2.60% -  
                   
  02/11 Initial Jobless Claims 05:30 6 Feb   280K -   285K -  
                   
  02/11 Continuing Claims 05:30 30 Jan  2248K -  2255K -  
                   
  02/11   Bloomberg Consumer Comfort 06:45 7 Feb  - -  44.20 -  
                   
  02/12 Import Price Index MoM 05:30 Jan   -1.50% -   -1.20% -  
                   
  02/12 Import Price Index YoY 05:30 Jan   -6.80% -   -8.20% -  
                   
  02/12 Retail Sales Advance MoM 05:30 Jan    0.10% -   -0.10% -  
                   
  02/12 Business Inventories 07:00 Dec    0.10% -   -0.20% -  
                   
  02/12 U. of Mich. Sentiment 07:00 Feb P   92.30 - 92.00 -  
                   
 
 
 
 
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  
 
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