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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-19.5 (+07.5) 1.891%  
 
  FN 3.5% Coupon   104-12.5 (+01.5)  
 
  Support   2.140%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Tuesday, March 22, 2016
 
 
        Home prices advanced in line with expectations in January, according to the FHFA. Home Prices rose 0.50% in January, following an upward revision in December from 0.40% to 0.50%. Markit US Manufacturing PMI for March posted 51.40 (consensus 51.90) vs. 51.30 prior. Treasuries are higher this morning fueled by demand for safer US debt, and the curve has flattened with 2s10s down 1.0 bp.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/21 Chicago Fed Nat Activity Index 05:30 Feb 0.25   -0.29 0.28 0.41  
                   
  03/22 FHFA House Price Index MoM 06:00 Jan 0.50%  0.50%    0.40%  0.50%  
                   
  03/22 Markit US Manufacturing PMI 06:45 Mar P 51.90 51.40 51.30 -  
                   
  03/22 Richmond Fed Manufact. Index 07:00 Mar 0.00  22.00 -4.00 -  
                   
  03/23 MBA Mortgage Applications 04:00 18 Mar  -  - -3.30% -  
                   
  03/23 New Home Sales 07:00 Feb  510K -  494K -  
                   
  03/23 New Home Sales MoM 07:00 Feb  3.20% -   -9.20% -  
                   
  03/24 Initial Jobless Claims 05:30 19 Mar 268K - 265K -  
                   
  03/24 Continuing Claims 05:30 12 Mar 2235K - 2235K -  
                   
  03/24 Durables Goods Orders 05:30 Feb P   -3.00% -    4.70% -  
                   
  03/24 Durables Ex Transportation 05:30 Feb P   -0.30% -   1.70% -  
                   
  03/24 Bloomberg Consumer Comfort 06:45 20 Mar - -  44.30 -  
                   
  03/24 Kansas City Fed Manf. Activity 08:00 Mar - - -12.00 -  
                   
  03/25 GDP Annualized QoQ 05:30 4Q T    1.00% -  1.00% -  
                   
  03/25 Personal Consumption 05:30 4Q T    2.00% -  2.00% -  
                   
  03/25 GDP Price Index 05:30 4Q T - -  0.90% -  
                   
 
 
 
 
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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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