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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-13 (-11.5) 1.954%  
 
  FN 3.5% Coupon   105-02 (-02)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Wednesday, April 22, 2015
 
 
      MBA Mortgage Applications rose +2.3% last week following a -2.3% drop the week prior (+28.6% YoY). Last week’s reversal in Mortgage applications was led almost entirely by a +5.0% jump in Purchases vs. -3.1% prior (+15.6% YoY). Refinancing edged up +0.6% vs. -1.8% prior (+41.0% YoY) and the average interest rate for a 30-Year conventional conforming loan fell -4 bps to 3.83% (4.49% a year ago). The FHFA House Price Index posted modestly higher than expected, up +0.7% (consensus +0.5%) vs. +0.3% in January. Year over year House Price Index increased +5.4% vs. +5.1% prior. Existing Home Sales surged in March, up +6.1% (consensus +3.1%) and February was revised higher from +1.2% to +1.5%. Treasuries are selling-off this morning following the better than expected data, and the curve has bull steepened with 2s10s up +2.4 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/20 No Data - - - - - -  
                   
  04/21 No Data - - - - - -  
                   
  04/22 MBA Mortgage Applications 04:00 Apr 17 - 2.30% -2.30% -  
                   
  04/22 FHFA House Price Index MoM 06:00 Feb 0.50% 0.70% 0.30% -  
                   
  04/22 Existing Home Sales 07:00 Mar 5.03 MM 5.19 MM 4.88 MM 4.89 MM  
                   
  04/22 Existing Home Sales  MoM 07:00 Mar 3.10% 6.10% 1.20% 1.50%  
                   
  04/23 Initial Jobless Claims 05:30 Apr 18 287K - 294K -  
                   
  04/23 Continuing Claims 05:30 Apr 11 2290K - 2268K -  
                   
  04/23 New Home Sales 07:00 Mar 515K - 539K -  
                   
  04/23 New Home Sales MoM 07:00 Mar -4.50% - 7.80% -  
                   
  04/24 Durable Goods Orders 05:30 Mar 0.60% - -1.40% -  
                   
 
 
 
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(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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