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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-04.5 (+08.5) 2.109%  
 
  FN 3.5% Coupon   103-28 (+04)  
 
  Support   2.420%  
 
  Resistance   2.140%  
 
 
 
 
Today's Blurb Wednesday, August 12, 2015
 
 
       MBA Mortgage Applications, for the week ended August 7th, edged up +0.1% vs. +4.7% prior (+17.9% YoY). Purchases fell -3.5% vs. +3.3% prior (+20.1% YoY), Refinancing rose +3.1% vs. +5.9% prior (+16.1% YoY), and the average interest rate for a Conventional Conforming 30-Year loan remained at 4.13% for the second consecutive week. China's devaluation of the yuan continues to provide support for both the U.S. dollar and treasury market. The Fed has promised to be largely data dependent, both in regards to U.S. data and data abroad, and with their next meeting (September 16-17) looming ahead the big question is how this may impact the rate hike decision. The curve has bull flattened with 2s10s down -0.7 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/10 No Data - - - - - -  
                   
  08/11 Wholesale Inventories MoM 07:00 June 0.40% 0.90% 0.80% 0.60%  
                   
  08/11 Wholesale Trade Sales MoM 07:00 June 0.50% 0.10% 0.30% 0.20%  
                   
  08/12 MBA Mortgage Applications 04:00 Aug 7 - 0.10% 4.70% -  
                   
  08/13 Retail Sales Advance MoM 05:30 July 0.60% - -0.30% -  
                   
  08/13 Import Price Index MoM 05:30 July -1.20% - -0.10% -  
                   
  08/13 Import Price Index YoY 05:30 July -10.70% - -10.00% -  
                   
  08/13 Initial Jobless Claims 05:30 Aug 8 270K - 270K -  
                   
  08/13 Continuing Claims 05:30 Aug 1 2245K - 2255K -  
                   
  08/13 Business Inventories 07:00 June 0.30% - 0.30% -  
                   
  08/14 PPI Final Demand MoM 05:30 July 0.10% - 0.40% -  
                   
  08/14 PPI Final Demand YoY 05:30 July -0.90% - -0.70% -  
                   
  08/14 Industrial Production MoM 06:15 July 0.30% - 0.30% 0.20%  
                   
  08/14 Capacity Utilization 06:15 July 78.00% - 78.40% 77.80%  
                   
  08/14 U. of Mich. Sentiment 07:00 Aug P 93.50 - 93.10 -  
                   
 
 
 
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(844) 732-6632
 
 
 
 
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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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