Back to top

Market Commentary

Market Commentary

February 13, 2015
10-YEAR NOTES   99-28.5 (-07)
FN 3.5% COUPON   104-18.5 (+02.5)
SUPPORT   2.40%



Scan with your
    The Import Price Index fell -2.8% in January for a year-over-year contraction of -8.0%. The decline in Import Prices reflects contributions from an increasingly strong dollar, declining export prices (-2.0%), and a drop in Petroleum Import Prices (-17.7%). With negative price growth the Federal Reserve will have a difficult time raising rates as it could spur deflation. The University of Michigan's consumer sentiment Index ended strong in January at 98.1 and is expected to remain at the same elevated level for the month of February. Treasuries down a couple ticks following today‚Äôs data, pushing the 10-Year note back above 2.0% and the curve has bear steepened with 2s10s up +2.2 bps.
Have A Great Weekend!
Today's Events:
02/13 Import Price Index MoM 05:30 January -3.2% -2.8% -2.5% -1.9%
02/13 Import Price Index YoY 05:30 January -8.9% -8.0% -5.5% -5.0%
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:

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.