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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-23 (+02) 2.271%  
 
  FN 3.5% Coupon   103-08.5 (-02)  
 
  Support   2.480%  
 
  Resistance   2.190%  
 
 
 
 
Today's Blurb Friday, July 24, 2015
 
 
   New Home Sales plunged by -6.8% in June with May revised down from +2.2% to -1.1%. Expectations were for a +0.3% advance. The report is not all negative, the supply of New Homes are up +3.4% in the month for a total of 215K, which may point to more sales in the short/medium term. While this report takes some of the luster out of the strengthening housing outlook, it is also common for New Home Sales to have significant revisions and volatility. Treasuries are hovering near yesterday’s 2:00 PM (PT) close levels and the curve has bear flattened with 2s10s down -0.1 bps.   
 
Have a Great Weekend!
 
 
   
 
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 255K 281K -  
                   
  07/23 Continuing Claims 05:30 July 11 2233K 2207K 2215K 2216K  
                   
  07/23 Leading Index 07:00 June 0.30% 0.60% 0.70% 0.80%  
                   
  07/24 New Home Sales 07:00 June 548K 482K 546K 517K  
                   
  07/24 New Home Sales MoM 07:00 June 0.30% -6.80% 2.20% -1.10%  
                   
 
 
 
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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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