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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-19.5 (+10.5) 1.893%  
 
  FN 3.5% Coupon   104-14 (+02)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Wednesday, April 27, 2016
 
 
         MBA Mortgage Applications fell 4.10% last week following three consecutive weekly advances prior (+13.00% YoY). Purchases fell 2.40% vs. -0.50% prior (+14.50% YoY), Refinancing fell 5.00% vs. +2.60% prior (+11.80% YoY), and the average interest rate for a 30-Year Conventional Conforming loan rose 2 bps to 3.850% matching the YoY level. The Goods Trade Balance fell to a one month low in March, down 9.50% to $56.90 Billion vs. $62.90 Billion prior. Pending Home Sales rose more than forecast in March, up 1.40% (consensus +0.50%) vs. +3.50% prior and are up 2.90% YoY (consensus +0.80%) vs. 5.10% prior. Treasuries have risen today following the data release and amid consensus that there will be no change to interest rates at today's meeting announcement, and the curve has flattened with 2s10s down 1.5 bps
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/25 New Home Sales 07:00 Mar 520K 511K 512K 519K  
                   
  04/25 New Home Sales MoM 07:00 Mar  1.60% -1.50% 2.00% -0.40%  
                   
  04/25 Dallas Fed Manf. Activity 07:30 Apr -10.00 -13.90 -13.60 -  
                   
  04/26 Durable Goods Orders 05:30 Mar P   1.90% 0.80%  -3.00% -3.10%  
                   
  04/26 Durables Ex Transportation 05:30 Mar P  0.50% -0.20%  -1.30% -  
                   
  04/26 S&P/Case-Shiller US HPI MoM SA 06:00 Feb - 0.41% 0.52% 0.47%  
                   
  04/26 S&P/Case-Shiller US HPI YoY NSA 06:00 Feb - 5.29% 5.43% 5.34%  
                   
  04/26 Markit US Services PMI 06:45 Apr P 52.00 52.10 51.30 -  
                   
  04/26 Markit US Composite PMI 06:45 Apr P - 51.70 51.30 -  
                   
  04/26 Consumer Confidence Index 07:00 Apr 95.80 94.20 96.20 96.10  
                   
  04/26 Richmond Fed Manufact. Index 07:00 Apr 12.00 14.00 22.00 -  
                   
  04/27 MBA Mortgage Applications 04:00 22 Apr  - -4.10% 1.30% -  
                   
  04/27 Pending Home Sales MoM 07:00 Mar 0.50% 1.40% 3.50% 3.40%  
                   
  04/27 FOMC Rate Decision (Upper Bound) 11:00 27 Apr 0.50% - 0.50% -  
                   
  04/27 FOMC Rate Decision (Lower Bound) 11:00 27 Apr 0.25% - 0.25% -  
                   
  04/28 Initial Jobless Claims 05:30 23 Apr 259K - 247K -  
                   
  04/28 GDP Annualized QoQ 05:30 1Q A 0.60% - 1.40% -  
                   
  04/28 Continuing Claims 05:30 16 Apr 2137K - 2137K -  
                   
  04/28 Personal Consumption 05:30 1Q A 1.70% - 2.40% -  
                   
  04/28 GDP Price Index 05:30 1Q A 0.60% - 0.90% -  
                   
  04/28 Bloomberg Consumer Comfort 06:45 24 Apr - - 42.90 -  
                   
  04/28 Kansas City Fed Manf. Activity 08:00 Apr - - -6.00 -  
                   
  04/29 PCE Deflator MoM 05:30 Mar 0.10% - -0.10% -  
                   
  04/29 PCE Deflator YoY 05:30 Mar - - - -  
                   
  04/29 PCE Core MoM 05:30 Mar - -  - -  
                   
  04/29 PCE Core YoY 05:30 Mar - - - -  
                   
  04/29 ISM Milwaukee 06:00 Apr - -   - -  
                   
  04/29 U. of Mich. Sentiment 07:00 Apr F - - - -  
                   
 
 
 
 
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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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