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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-14 (+1-16.5) 1.577%  
 
  FN 3.5% Coupon   105-07.5 (+12.5)  
 
  Support   1.783%  
 
  Resistance   1.548%  
 
 
 
 
Today's Blurb Friday, June 24, 2016
 
 
51.90% of Brit voters decided to leave the EU raising uncertainties in global economic markets and political unrest in London. David Cameron quoted "The British people have made a very clear decision to take a different path, and as such, I think the country requires fresh leadership" and made a decision to resign as U.K. PM effective October. 
 
‚ÄčDurable Goods Orders sank by -2.20% vs. 3.30% prior revised while Durables Ex Transportation fell -0.30% vs. 0.50% prior indicating general weakness in Factory Sector. University of Michigan Sentiment numbers came in at 93.50 vs. 94.30 prior. The curve has bull flattened with UST 10-Year yield falling sharply by 20 bps.
 
Have A Wonderful Weekend!
 
 
   
 
   
 
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 -0.51 0.10 0.05  
                   
  06/23 Initial Jobless Claims 05:30 18 Jun 270K 259K 277K -  
                   
  06/23 Continuing Claims 05:30 11 Jun 2150K 2142K 2157K 2162K  
                   
  06/23 Bloomberg Consumer Comfort 06:45 19 Jun - 44.20 42.10 -  
                   
  06/23 Markit US Manufacturing PMI 06:45 Jun P 50.90 51.40 50.70 -  
                   
  06/23 New Home Sales 07:00 May 560K 551K 619K 586K  
                   
  06/23 New Home Sales MoM 07:00 May 1.60% -6.00% 16.60% 12.30%  
                   
  06/23 Kansas City Fed Manf. Activity 08:00 Jun -5.00 2.00 -5.00 -  
                   
  06/24 Durable Goods Orders 05:30 May P -0.50% -2.20% 3.40% 3.30%  
                   
  06/24 Durables Ex Transportation 05:30 May P 0.10% -0.30% 0.50% -  
                   
  06/24 U. of Mich. Sentiment 07:00 Jun F 94.10 93.50 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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