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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-02.5 (+07) 1.878%  
 
  FN 3.5% Coupon   105-07.5 (+02.5)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Wednesday, April 15, 2015
 
 
      MBA Mortgage Applications fell -2.3% last week following a +0.4% gain the week prior. Purchases fell -3.1% vs. +6.8% prior (+7.2% YoY), Refinancing fell -1.8% vs. -3.3% prior (+34.9% YoY), and the average interest rate for a 30-Year conventional conforming loan rose +1 bps to 3.87% vs. 3.86% prior (4.47% a year ago). Empire Manufacturing contracted to -1.19 vs. 6.9 prior (consensus 7.17) for the second negative reading in the past two years. New Orders contracted significantly at -6.0 for the second straight monthly decline. Industrial production decreased -0.6% in March (consensus -0.3%) following a +0.1% gain in February. Capacity Utilization for March fell to 78.4% (consensus 78.6%) and February was revised up from 78.9% to 79.0%. Treasuries are higher this morning after today‚Äôs data posted below market expectations across the board and the curve has bull flattened with 2s10s down -1.1 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/13 No Data - - - - - -  
                   
  04/14 Retail Sales Advance MoM 05:30 Mar 1.10% 0.90% -0.60% -0.50%  
                   
  04/14 PPI Final Demand MoM 05:30 Mar 0.20% 0.20% -0.50% -  
                   
  04/14 PPI Final Demand YoY 05:30 Mar -0.90% -0.80% -0.60% -  
                   
  04/15 MBA Mortgage Applications 04:00 Apr 10 - -2.30% 0.40% -  
                   
  04/15 Empire Manufacturing 05:30 Apr 7.17 -1.19 6.90 -  
                   
  04/15 Industrial Production MoM 06:15 Mar -0.30% -0.60% 0.10% -  
                   
  04/16 Housing Starts 05:30 Mar 1040K - 897K -  
                   
  04/16 Housing Starts MoM 05:30 Mar 15.90% - -17.00% -  
                   
  04/16 Initial Jobless Claims 05:30 Apr 11 280K - 281K -  
                   
  04/16 Continuing Claims 05:30 Apr 4 2323K - 2304K -  
                   
  04/17 CPI MoM 05:30 Mar 0.30% - 0.20% -  
                   
  04/17 CPI YoY 05:30 Mar 0.00% - 0.00% -  
                   
  04/17 Leading Indicators 07:00 Mar 0.30% - 0.20% -  
                   
 
 
 
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(844) SECONDARY
(844) 732-6632
 
 
 
 
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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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