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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-26.5 (-10) 1.865%  
 
  FN 3.5% Coupon   104-14 (-03)  
 
  Support   2.140%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Wednesday, March 9, 2016
 
 
         MBA Mortgage Applications advanced 0.20% last week following two consecutive weekly declines of 4.80% and 4.30%. Purchases rose 4.30% vs. -0.60% prior, Refinancing fell 2.30% vs. -7.20% prior, and the average interest rate for a 30-Year Conventional Conforming loan rose 6 bps to 3.890% (4.010% a year ago). Wholesale Trade Inventories surpassed market expectations for a 0.20% dip, up 0.30% in January with an upward revision in December from -0.10% to 0.00%. Wholesale Trade Sales fell 1.30% in January (consensus -0.30%) and December was revised down from -0.30% to -0.60%. Treasuries are lower this morning ahead of the 10-Year auction and the curve has steepened with 2s10s up 1.4 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/07 Labor Market Conditions Index C 07:00 Feb  1.00   -2.40  0.40 -0.80  
                   
  03/08 NFIB Small Business Optimism 03:00 Feb 94.00  92.90   93.90 -  
                   
  03/09 MBA Mortgage Applications 04:00 4 Mar  -   0.20%   -4.80% -  
                   
  03/09 Wholesale Inventories MoM 07:00 Jan  -0.20%  0.30%  -0.10%   0.00%  
                   
  03/09 Wholesale Trade Sales MoM 07:00 Jan  -0.30% -1.30%  -0.30% -0.60%  
                   
  03/10 Initial Jobless Claims 05:30 5 Mar  275K - 278K -  
                   
  03/10 Continuing Claims 05:30 27 Feb  2250K - 2257K -  
                   
  03/10 Bloomberg Consumer Comfort 06:45 6 Mar  - - 43.60 -  
                   
  03/10 Monthly Budget Statement 11:00 Feb  -$196.30 B - -$192.40 B -  
                   
  03/11 Import Price Index MoM 05:30 Feb  -0.70% - -1.10% -  
                   
  03/11 Import Price Index YoY 05:30 Feb  -6.50% - -6.20% -  
                   
 
 
 
 
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  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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