Back to top

Market Commentary

Home
Market Commentary


Tuesday
August 12, 2014
10-YEAR NOTES   100-21 (-01.5)
2.421%
FN 3.5% COUPON   102-19 (-09)
SUPPORT   2.800%
RESISTANCE   2.400%
Scan with your
Smartphone.
 
   

We have another quiet day for the economic data calendar ahead of today’s $27 Billion 3-Year notes auction and tomorrow’s $24 Billion 10-Year notes auction. The recently improved outlook for the economy and expansion plans led to a +0.7 gain in the small business optimism index which rose to 95.7 vs. 95 prior (consensus 96). The 10-Year average for the July Budget Deficit is -$93.7 Billion, and this year expectations are for -$96 Billion. Treasuries jumped last week as unrest in Ukraine, Gaza and Iraq boosted demand and we continue to monitor the market for a further flight to quality. Treasuries are little changed today and the curve has modestly bull steepened with 2s10s up 1.6 bps.

This Week's Events:

DATE EVENT TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
08/12 Monthly Budget Statement 11:00 July -$96.0 Billion - - -
08/13 MBA Mortgage Applications 04:00 August 8 - - 1.6% -
08/13 Retail Sales Advance MoM 05:30 July 0.2% - 0.2% -
08/13 Business Inventories 07:00 June 0.4% - 0.5% -
08/14 Jobless Claims 05:30 August 9 295 K - 289 K -
08/14 Import Price Index MoM 05:30 July -0.4% - 0.1% -
08/14 Continuing Claims 05:30 August 2 2504 K - 2518 K -
08/14 Import Price Index YoY 05:30 July 0.8% - 1.2% -
08/15 Empire Manufacturing 05:30 August 20.00 - 25.60 -
08/15 PPI Final Demand MoM 05:30 July 0.1% - 0.4% -
08/15 PPI Final Demand YoY 05:30 July 1.7% - 1.9%  
08/15 Industrial Production MoM 06:15 July 0.3% - 0.2% -
08/15 Capacity Utilization 06:15 July 79.2% - 79.1% -

 

 

 
Visit Us Online

Get Approved

Download Rate Sheet

Price & Lock

Submit Loan

Resolve Loan Conditions

Conventional Program Guidelines

Government Program Guidelines
 
 
For more information, please call:
1-855-SWMC-AOT

FHA Programs
VA Programs
USDA Rural Housing
HECM Reverse Mortgage
Conforming Products
FHA Multifamily, PowerSaver

GNMA Issuer
Fannie Mae and Freddie Mac Direct Lender
Licensed throughout the U.S. and Puerto Rico
Privately Held Mortgage Bank for Over 32 Years
Excellent Underwriting / Funding Turn Times
 

This information is provided solely for informational use and is not intended as a trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not liscensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to 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, price, guidelines, fees, costs, terms and conditions are subject to change without notice.