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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-03.5 (-04.75) 1.988%  
 
  FN 3.5% Coupon   104-29.5 (-02)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Thursday, April 23, 2015
 
 
      The number of American’s filing for unemployment held below the 300K mark for the seventh straight week, which may signal a strengthening labor market. Jobless claims increased by +1,000 last week to 295K (consensus 287K). The four week average for Jobless Claims climbed from 282,750 to 284,500. Continuing claims rose to 2325K vs. 2275K prior (consensus 2290K). New Home Sales fell more than expected in March, down by -58K to 481K vs. 539K prior (consensus 515K). Treasuries are hovering around yesterday’s close levels following today’s data dump and the curve has bull steepened with 2s10s up +3.5 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 295K 294K -  
                   
  04/23 Continuing Claims 05:30 Apr 11 2290K 2325K 2268K 2275K  
                   
  04/23 New Home Sales 07:00 Mar 515K 481K 539K 543K  
                   
  04/23 New Home Sales MoM 07:00 Mar -4.50% -11.40% 7.80% 5.60%  
                   
  04/24 Durable Goods Orders 05:30 Mar 0.60% - -1.40% -  
                   
 
 
 
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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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