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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-10 (-09.5) 1.590%  
 
  FN 3.5% Coupon   105-10.5 (-01.5)  
 
  Support   1.603%  
 
  Resistance   1.459%  
 
 
 
 
Today's Blurb Wednesday, July 20, 2016
 
 
         The UST 10-Year yield inclined to 1.570% this morning after closing at 1.550% yesterday. The weekly MBA Mortgage Applications data reported that the total mortgage applications dropped 1.30% last week. Applications for purchases were down 2.00% after nearly being unchanged in prior week. Refinances fell 0.90% after a two-week upward trend. Mortgage applications consisted of 64.20% of refinance loans, virtually unchanged in prior week's 64.00%. FHA purchases were down 1.20% after dropping 0.50% prior, while VA refinances fell 9.10% after falling 2.30% prior. The curve has bull steepened with UST 10-Year yield up 2 bps from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/18 NAHB Housing Market Index 07:00 Jul 60.00 59.00 60.00 -  
                   
  07/19 Housing Starts 05:30 Jun 1165K 1189K 1164K 1135K  
                   
  07/19 Housing Starts MoM 05:30 Jun 0.20% 4.80% -0.30% -1.70%  
                   
  07/19 Building Permits 05:30 Jun 1150K 1153K 1138K 1136K  
                   
  07/19 Building Permits MoM 05:30 Jun 1.20% 1.50% 0.70% 0.50%  
                   
  07/20 MBA Mortgage Applications 04:00 15 Jul - -1.30% 7.20% -  
                   
  07/21 Chicago Fed Nat Activity Index 05:30 Jun -0.20 - -0.51 -  
                   
  07/21 Initial Jobless Claims 05:30 16 Jul 265K - 254K -  
                   
  07/21 Continuing Claims 05:30 9 Jul 2140K - 2149K -  
                   
  07/21 Philadelphia Fed Business Outlook 05:30 Jul 4.80 - 4.70 -  
                   
  07/21 FHFA House Price Index MoM 06:00 May 0.40% - 0.20% -  
                   
  07/21 Bloomberg Consumer Comfort 06:45 17 Jul - - 44.70 -  
                   
  07/21 Existing Home Sales 07:00 Jun 5.48 M - 5.53 M -  
                   
  07/21 Existing Home Sales MoM 07:00 Jun -0.90% - 1.80% -  
                   
  07/21 Leading Index 07:00 Jun 0.20% - -0.20% -  
                   
  07/22 Markit US Manufacturing PMI 06:45 Jul P 51.50 - 51.30 -  
                   
 
 
 
 
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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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