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Market Commentary

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Market Commentary


Tuesday
May 27, 2014
10-YEAR NOTES   99-22 (+00) 2.536%
FN 3.5% COUPON   102-16.5 (+00)
SUPPORT   2.825%
RESISTANCE   2.470%
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Durable goods orders for April came in higher than expected at +0.8% (consensus -0.7), thanks to transportation which rose +2.3% following April’s jump of +5%. Excluding transportation, durable goods edged up +0.1% following the 2.9% spike in the prior month. The FHFA House Price Index rose +0.7% in March vs. +0.6% prior. The House Price Purchase Index met expectations posting gains of +1.3%. The S&P/Case-Shiller Index posted gains of 166.80 vs. 165.35 prior (+10.35% YoY).

This Week's Events:

DATE EVENTS TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
05/27 Durable Goods Order 05:30 April -0.7% 0.8% 2.6% 3.6%
05/27 FHFA House Price Index (MoM) 06:00 March 0.5% 0.7% 0.6% -
05/27 S&P/Case-Shiller House Price Index 06:00 March 166.23 166.80 165.35 -
05/27 PMI Services Flash 06:45 May P 55.0 58.4 55.0 -
05/28 MBA Mortgage Applications 04:00 May 23 - - 0.9% -
05/29 GDP Annualized QoQ 05:30 1Q S -0.5% - 0.1%  
05/29 Jobless Claims 05:30 May 24 317K - 326K -
05/29 Continuing Claims 05:30 May 17 2645K - 2653K -
05/29 Pending Home Sales (MoM) 07:00 April 1.0% - 3.4% -
05/29 Pending Home Sales (YoY) 07:00 April -8.7% - -7.4% -
05/30 Personal Income 05:30 April 0.3% - 0.5% -
05/30 Personal Spending 05:30 April 0.2% - 0.9% -
05/30 Chicago PMI 06:45 May 61.0 - 63.0 -

 

 

 
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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.