Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-11 (+19) 2.200%  
 
  FN 3.5% Coupon   103-23.5 (+12.5)  
 
  Support   2.480%  
 
  Resistance   2.190%  
 
 
 
 
Today's Blurb Friday, July 31, 2015
 
 
       Wages and Salaries in the second quarter of 2015 rose at the slowest pace on record. The Employment Cost Index barely edged up +0.2% (consensus +0.6%) vs. +0.7% prior. The lack luster growth in wages and salaries points to little inflation and may affect the Fed’s decision to hike rates in 2015. While Janet Yellen has said that the Fed desires a rate hike by the end of 2015, she has also promised to be largely data dependent. The 10-Year note fell -6 bps to press against resistance at 2.20% and the curve has bull flattened with 2s10s down -0.9 bps.
Have a Nice Weekend!
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/27 Durable Goods Orders 05:30 June 3.20% 3.40% -1.80% -2.10%  
                   
  07/28 S&P/Case-Shiller US HPI  MoM 06:00 May - 0.04% -0.02% 0.03%  
                   
  07/28 S&P/Case-Shiller US HPI  YoY 06:00 May 4.50% 4.39% 4.23% 4.30%  
                   
  07/28 Markit US Composite PMI 06:45 July P - 55.20 54.60 -  
                   
  07/28 Markit US Services PMI 06:45 July P 55.00 55.20 54.80 -  
                   
  07/29 MBA Mortgage Applications 04:00 July 24 - 0.80% 0.10% -  
                   
  07/29 Pending Home Sales MoM 07:00 June 0.90% -1.80% 0.90% 0.60%  
                   
  07/29 Pending Home Sales  YoY 07:00 June 11.10% 11.10% 8.30% 7.90%  
                   
  07/29 FOMC Rate Decision (Upper Limit) 11:00 July 29 0.25% - 0.25% -  
                   
  07/30 GDP Annualized QoQ 05:30 2Q A 2.50% 2.30% -0.20% 0.60%  
                   
  07/30 Initial Jobless Claims 05:30 July 25 270K 267K 255K -  
                   
  07/30 Continuing Claims 05:30 July 18 2205K 2262K 2207K 2216K  
                   
  07/31 ISM Milwaukee 06:00 July 50.00 47.12 46.55 -  
                   
 
 
 
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