Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-31.5 (+07) 1.847%  
 
  FN 3.5% Coupon   104-17 (+03.5)  
 
  Support   1.910%  
 
  Resistance   1.730%  
 
 
 
 
Today's Blurb Thursday, May 26, 2016
 
 
          Jobless Claims fell for the second consecutive week, down 10K to 268K vs. 278K prior. The number of claims has been receding following a jump to 294K in early May. Continuing Claims also rose 10K to 2163K vs. 2153K prior. Total Durable Goods rose 3.40% in April (consensus +0.50%) following an upward revision in March from +0.80% to +1.90%. Pending Home Sales surged in April, up 5.10% (consensus +0.70%) to a ten year high for the third consecutive monthly advance. YoY Pending Home Sales are up 2.90% (consensus +0.20%) with an upward revision in March from 2.90% to 3.20%. Treasuries are higher this morning and the curve has steepened with 2s10s up 0.7 bp.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/23 Markit US Manufacturing PMI 06:45 May P 51.00 50.50 50.80 -  
                   
  05/24 Richmond Fed Manufact. Index 07:00 May 8.00 -1.00 14.00 -  
                   
  05/24 New Home Sales 07:00 Apr 523K 619K 511K 531K  
                   
  05/24 New Home Sales MoM 07:00 Apr   2.40%   16.60% -1.50% -1.30%  
                   
  05/25 MBA Mortgage Applications 04:00 20 May -    2.30% -1.60% -1.00%  
                   
  05/25 FHFA House Price Index MoM 06:00 Mar   0.50%    0.70%   0.40% 0.50%  
                   
  05/25 Markit US Services PMI 06:45 May P 53.00 51.20 52.80 -  
                   
  05/25 Markit US Composite PMI 06:45 May P - 50.80 52.40 -  
                   
  05/26 Initial Jobless Claims 05:30 21 May 275K 268K 278K -  
                   
  05/26 Continuing Claims 05:30 14 May 2142K 2163K 2152K 2153K  
                   
  05/26 Durable Goods Orders 05:30 Apr P  0.50%   3.40%  0.80%  1.90%  
                   
  05/26 Durables Ex Transportation 05:30 Apr P  0.30%    0.40% -0.20%   0.10%  
                   
  05/26 Bloomberg Consumer Comfort 06:45 22 May - 42.00 42.60 -  
                   
  05/26 Kansas City Fed Manf. Activity 08:00 May -3.00 - -4.00 -  
                   
  05/27 GDP Annualized QoQ 05:30 1Q S   0.90% -   0.50% -  
                   
  05/27 Personal Consumption 05:30 1Q S   2.10% -   1.90% -  
                   
  05/27 GDP Price Index 05:30 1Q S   0.70% -   0.70% -  
                   
  05/27 U. of Mich. Sentiment 07:00 May F 95.40 - 95.80 -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
© Sun West Mortgage Company, Inc. All Rights Reserved