Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-10 (+05.5) 1.924%  
 
  FN 3.5% Coupon   104-08.5 (+02.5)  
 
  Support   2.140%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Wednesday, March 23, 2016
 
 
          MBA Mortgage Applications fell 3.30% last week following a 3.30% decline the week prior. Purchases fell 1.00% vs. +0.30% prior (+25.30% YoY), Refinancing fell 4.90% vs. -5.60% prior (-4.50% YoY), and the average interest rate for a 30-Year Conventional Conforming loan fell by 1 bp to 3.930% (3.900% a year ago). New Home Sales climbed 2.00% in February (consensus +3.20%) with an upward revision in January from -9.20% to -7.00%. New home Sales have advanced in four out of the last five months, with January being the exception. Treasuries are slightly higher this morning and the curve has flattened with 2s10s down 1.1 bps.
 
 
   
 
   
 
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% -3.30% -  
                   
  03/23 New Home Sales 07:00 Feb  510K 512K  494K 502K  
                   
  03/23 New Home Sales MoM 07:00 Feb  3.20%     2.00%   -9.20%   -7.00%  
                   
  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% -  0.90% -  
                   
 
 
 
 
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  
 
© Sun West Mortgage Company, Inc. All Rights Reserved