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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-08.5 (+01) 1.706%  
 
  FN 3.5% Coupon   104-27 (+01.5)  
 
  Support   1.803%  
 
  Resistance   1.613%  
 
 
 
 
Today's Blurb Wednesday, June 22, 2016
 
 
          The MBA Mortgage Index stats were released this morning and indicated that applications rose for the week ended June 17 by 2.90% after falling 2.40% in the prior. FHFA House Price Index rose to a mere 0.20% MoM in April while the estimates were for a larger gain and the index's jump in March was revised up to 0.80% from the 0.70% prior. Existing Home Sales numbers in May rose a modest 1.80% to 5.53 Million, best rate since February 2007. U.K. entered into its last day of 'BREMAIN' or 'BREXIT' campaign ahead of the vote tomorrow. The latest polling figures put the 'BREMAIN' camp marginally ahead of ‘BREXIT’. Treasuries are up this morning breaking its four day decline streak, the longest since April.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/20 No Data - - - - - -  
                   
  06/21 No Data - - - - - -  
                   
  06/22 MBA Mortgage Applications 04:00 17 Jun - 2.90% -2.40% -  
                   
  06/22 FHFA House Price Index MoM 06:00 Apr 0.60% 0.20% 0.70% 0.80%  
                   
  06/22 Existing Home Sales 07:00 May 5.55 M 5.53 M 5.45 M 5.43 M  
                   
  06/22 Existing Home Sales MoM 07:00 May 1.80% 1.80% 1.70% 1.30%  
                   
  06/23 Chicago Fed Nat Activity Index 05:30 May 0.11 - 0.10 -  
                   
  06/23 Initial Jobless Claims 05:30 18 Jun 270K - 277K -  
                   
  06/23 Continuing Claims 05:30 11 Jun 2150K - 2157K -  
                   
  06/23 Bloomberg Consumer Comfort 06:45 19 Jun - - 42.10 -  
                   
  06/23 Markit US Manufacturing PMI 06:45 Jun P 50.90 - 50.70 -  
                   
  06/23 New Home Sales 07:00 May 560K - 619K -  
                   
  06/23 New Home Sales MoM 07:00 May -9.50% - 16.60% -  
                   
  06/23 Kansas City Fed Manf. Activity 08:00 Jun -5.00 - -5.00 -  
                   
  06/24 Durable Goods Orders 05:30 May P -0.50% - 3.40% -  
                   
  06/24 Durables Ex Transportation 05:30 May P 0.10% - 0.50% -  
                   
  06/24 U. of Mich. Sentiment 07:00 Jun F 94.10 - 94.30 -  
                   
 
 
 
 
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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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