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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-19.5 (-09) 2.169%  
 
  FN 3.5% Coupon   104-06 (-02)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Wednesday, May 27, 2015
 
 
       MBA Mortgage Applications for the week ended May 22nd fell for the fourth consecutive week, down -1.6% vs. -1.5% prior (+10.9% YoY). The headline was dragged down by the continued downward trend in Refinancing with only marginal Purchase advancement. Purchases rose +1.2% vs. -3.7% prior (+13.8 YoY), Refinancing fell -3.9% vs. +0.3% prior (+8.4% YoY), and the average interest rate for a 30-Year conventional conforming loan rose +3 bps to 4.07% (4.31% a year ago). Treasuries are opening slightly lower from Tuesday’s 2:00 PM (PT) close and the curve has bear steepened with 2s10s up +2.5 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/25 No Data - - - - - -  
                   
  05/26 Durable Goods Orders 05:30 Apr -0.50% -0.50% 4.00% 5.10%  
                   
  05/26 FHFA House Price Index MoM 06:00 Mar 0.70% 0.30% 0.70% 0.60%  
                   
  05/26 S&P / Case-Shiller US HPI MoM 06:00 Mar 0.50% 0.12% 0.42% 0.35%  
                   
  05/26 S&P / Case-Shiller US HPI YoY 06:00 Mar - 4.14% 4.22% 4.16%  
                   
  05/26 New Home Sales 07:00 Apr 508K 517K 481K 484K  
                   
  05/26 New Home Sales MoM 07:00 Apr 5.60% 6.80% -11.40% -10.00%  
                   
  05/27 MBA Mortgage Applications 04:00 May 22 - -1.60% -1.50% -  
                   
  05/28 Initial Jobless Claims 05:30 May 23 270K - 274K -  
                   
  05/28 Continuing Claims 05:30 May 16 2195K - 2211K -  
                   
  05/28 Pending Home Sales MoM 07:00 Apr 0.90% - 1.10% -  
                   
  05/28 Pending Home Sales YoY 07:00 Apr 10.80% - 13.40% -  
                   
  05/29 GDP Annualized QoQ 05:30 1Q S -0.80% - 0.20% -  
                   
  05/29 Personal Consumption 05:30 1Q S 2.00% - 1.90% -  
                   
 
 
 
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(844) 732-6632
 
 
 
 
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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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