Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-10 (+06.5) 2.318%  
 
  FN 3.5% Coupon   103-04 (+01.5)  
 
  Support   2.480%  
 
  Resistance   2.190%  
 
 
 
 
Today's Blurb Wednesday, July 22, 2015
 
 
      MBA Mortgage Application nudged up +0.1% last week following a decline of -1.9% in the week prior (+8.3% YoY). Purchases rose +1.0% vs. -7.5% prior, Refinancing slipped -0.5% vs. +3.7% prior, and the average interest rate for a 30-Year Conventional Fixed remained at 4.23% for the third consecutive week. The FHFA House Price Index for May posted in line with expectations, up +0.4% following a revised +0.4% advance in April. Existing Home Sales is expected to show marginal gains, with consensus set at +0.9% vs. +5.1% prior. Treasuries are opening flat to yesterday’s 2:00 PM (PT) close and the curve has bear flattened with 2s10s down -2.4 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 - 0.10% -1.90% -  
                   
  07/22 FHFA House Price Index MoM 06:00 May 0.40% 0.40% 0.30% 0.40%  
                   
  07/22 Existing Home Sales 07:00 June 5.40 MM 5.49 MM 5.35 MM 5.32 MM  
                   
  07/22 Existing Home Sales MoM 07:00 June 0.90% 3.20% 5.10% 4.50%  
                   
  07/23 Initial Jobless Claims 05:30 July 18 278K - 281K -  
                   
  07/23 Continuing Claims 05:30 July 11 2240K - 2215K -  
                   
  07/23 Leading Index 07:00 June 0.30% - 0.70% -  
                   
  07/24 New Home Sales 07:00 June 548K - 546K -  
                   
  07/24 New Home Sales MoM 07:00 June 0.40% - 2.20% -  
                   
 
 
 
NEED ASSISTANCE? PLEASE CALL:
(844) SECONDARY
(844) 732-6632
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
©2015 Sun West Mortgage Company, Inc. All Rights Reserved