Back to top

Market Commentary

Market Commentary

March 05, 2015
10-YEAR NOTES   98-31 (+03.5)
FN 3.5% COUPON   104-16 (+02.5)
SUPPORT   2.40%
Scan with your
     More people in the U.S. filed Jobless claims than expected last week, pushing the total to the highest level since April 2014. Initial Jobless Claims rose +7K to 320K vs. 313K prior (consensus 295K). Continuing Claims also moved higher, up +17K to 2.421 Million. Factory orders fell -3.4% in December for a fifth consecutive monthly decline; this is the longest losing streak since 2008. January disappointed expectations for another consecutive month of declines, slipping -0.2% (consensus +0.2%). Treasuries are holding onto their gains this morning in response to the very disappointing Initial Jobless Claims and Factory Orders reports. The curve is flat to yesterday’s close and MBS is 1-2 ticks wider to treasury hedges.     
This Week's Events:
03/05 Jobless Claims 05:30 February 28 295K 320K 313K -
03/05 Continuing Claims 05:30 February 21 2395K 2421K 2401K 2404K
03/05 Factory Orders 07:00 January 0.2% -0.2% -3.4% -3.5%
03/06 Nonfarm Payrolls 05:30 February 235K - 257K -
03/06 Unemployment Rate 05:30 February 5.6% - 5.7% -
03/06 Labor Force Participation Rate 05:30 February - - 62.9% -
03/06 Trade Balance 05:30 January -$41.5 Billion - -$46.6 Billion -
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.