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Market Commentary

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Market Commentary


Wednesday
May 21, 2014
10-YEAR NOTES   99-20 (-09.5)
2.543%
FN 3.5% COUPON   102-13 (-03.5)
SUPPORT   2.825%
RESISTANCE   2.470%
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MBA Mortgage Applications posted gains of +0.9% vs. +3.6% prior. Purchases declined -2.8% vs. -0.1% prior (-51.9% YoY) and refinancing boosted +3.8% following the prior week’s +6.8% jump. The average interest rate for a conventional conforming loan declined -6 bps to 4.33%. At 11:00 AM (PDT) the Fed releases the minutes from their last meeting.

This Week's Events:

DATE EVENTS TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
05/21 MBA Mortgage Applications 04:00 May 16 - 0.9% 3.6% -
05/21 FOMC Minutes 11:00 - - - - -
05/22 Initial Jobless Claims 05:30 May 17 310K - 297K -
05/22 Continuing Claims 05:30 May 10 2675K - 2667K -
05/22 PMI Manufacturing Index 06:45 May P 55.5 - 55.4 -
05/22 Existing Home Sales  07:00 April 4.69 Million - 4.59 Million -
05/22 Leading Indicators 07:00 April 0.4% - 0.8% -
05/22 Kansas City Fed Manufacturing 08:00 May 7 - 7 -
05/23 New Home Sales 07:00 April 425K - 384K -

 

 

 
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This information is provided solely for informational use and is not intended as a trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not liscensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to 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, price, guidelines, fees, costs, terms and conditions are subject to change without notice.