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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-21.5 (-12) 2.392%  
 
  FN 3.5% Coupon   102-25 (-07)  
 
  Support   2.480%  
 
  Resistance   2.190%  
 
 
 
 
Today's Blurb Monday, July 20, 2015
 
 
        We have a light economic calendar this week with the focus on housing. On Wednesday we get the FHFA House Price Index and Existing Home Sales followed by New Home Sales on Friday. Greek banks reopened today after they managed to make payments to the ECB (6.8 Billion Euros) and, although capital controls remain in place, a deal to keep Greece in the Euro remains on track. While these are some signs of improvement for Greece, there are more aid talks ahead and a parliamentary vote on its bailout this Wednesday. Treasuries are opening slightly lower this morning and the curve has bear steepened with 2s10s up +0.2 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/20 No Data - - - - - -  
                   
  07/21 No Data - - - - - -  
                   
  07/22 MBA Mortgage Applications 04:00 July 17 - - -1.90% -  
                   
  07/22 FHFA House Price Index MoM 06:00 May 0.40% - 0.30% -  
                   
  07/22 Existing Home Sales 07:00 June 5.40 MM - 5.35 MM -  
                   
  07/22 Existing Home Sales MoM 07:00 June 0.90% - 5.10% -  
                   
  07/23 Initial Jobless Claims 05:30 July 18 280K - 281K -  
                   
  07/23 Continuing Claims 05:30 July 11 2256K - 2215K -  
                   
  07/23 Leading Index 07:00 June 0.20% - 0.70% -  
                   
  07/24 New Home Sales 07:00 June 546K - 546K -  
                   
  07/24 New Home Sales MoM 07:00 June -0.10% - 2.20% -  
                   
 
 
 
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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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