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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-00 (-10) 2.352%  
 
  FN 3.5% Coupon   102-26.5 (-04.5)  
 
  Support   2.510%  
 
  Resistance   2.280%  
 
 
 
 
Today's Blurb Wednesday, June 17, 2015
 
 
        MBA Mortgage Applications fell -5.5% last week following a +8.4% gain prior (+8.2% YoY). Purchases fell -4.2% vs. +9.7% prior (+15.4% YoY), Refinancing fell -6.9% vs. +7.0% prior (+1.6% YoY), and the average interest rate for a conventional 30-Year conforming loan rose +5 bps to 4.22% vs. 4.17% prior (4.36% a year ago). Treasuries are opening lower today ahead of the FOMC statement release. We watch for changes to the Fed’s dot plot projections to glimpse when they see as an acceptable time for lifting rates. The curve has bear steepened with 2s10s up +0.4 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/15 Empire Manufacturing 05:30 June 6.00 -1.98 3.09 -  
                   
  06/15 Industrial Production MoM 06:15 May 0.20% -0.20% -0.30% -0.50%  
                   
  06/16 Housing Starts 05:30 May 1090K 1036K 1135K 1165K  
                   
  06/16 Housing Starts MoM 05:30 May -4.00% -11.10% 20.20% 22.10%  
                   
  06/16 Building Permits 05:30 May 1100K 1275K 1143K 1140K  
                   
  06/16 Building Permits MoM 05:30 May -3.50% 11.80% 10.10% 9.80%  
                   
  06/17 MBA Mortgage Applications 04:00 Jun 12 - -5.50% 8.40% -  
                   
  06/17 FOMC Rate Decision 11:00 June 17 0.25% - 0.25% -  
                   
  06/18 CPI MoM 05:30 May 0.50% - 0.10% -  
                   
  06/18 CPI YoY 05:30 May 0.10% - -0.20% -  
                   
  06/18 Initial Jobless Claims 05:30 Jun 13 277K - 279K -  
                   
  06/18 Continuing Claims 05:30 June 6 2200K - 2265K -  
                   
  06/18 Leading Index 07:00 May 0.40% - 0.70% -  
                   
  06/19 No Data - - - - - -  
                   
 
 
 
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(844) SECONDARY
(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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