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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-08 (-12.5) 2.196%  
 
  FN 3.5% Coupon   103-11 (-05.5)  
 
  Support   2.420%  
 
  Resistance   2.140%  
 
 
 
 
Today's Blurb Tuesday, August 18, 2015
 
 
       July Housing Starts advanced +0.2% to 1206K after rising 12.3% in June. Single-family starts rose to 782k (+12.8%)  in July vs. 693k  prior and Multi-family starts fell to 424k (-17%) vs. 511k prior. July Building Permits fell -16.3% to 1119K after rising 7.0% in June. Treasuries are opening just below yesterday's 2:00 PM (PT) close and the curve has bear steepened with 2s10s up 2 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/17 Empire Manufacturing 05:30 Aug 4.50 -14.92 3.86 -  
                   
  08/17 NAHB Housing Market Index 07:00 Aug 61.00 61.00 60.00 -  
                   
  08/18 Housing Starts 05:30 July 1180K 1206K 1174K 1204K  
                   
  08/18 Housing Starts MoM 05:30 July 0.50% 0.20% 9.80% 12.30%  
                   
  08/18 Building Permits 05:30 July 1228K 1119K 1343K 1337K  
                   
  08/18 Building Permits MoM 05:30 July -8.20% -16.30% 7.40% 7.00%  
                   
  08/19 MBA Mortgage Applications 04:00 Aug 14 - - 0.10% -  
                   
  08/19 CPI MoM 05:30 July 0.20% - 0.30% -  
                   
  08/19 CPI YoY 05:30 July 0.20% - 0.10% -  
                   
  08/19 FOMC Minutes 11:00 28-19 July - - - -  
                   
  08/20 Initial Jobless Claims 05:30 Aug 15 271K - 274K -  
                   
  08/20 Continuing Claims 05:30 Aug 8 2265K - 2273K -  
                   
  08/20 Existing Home Sales 07:00 July 5.43 MM - 5.49 MM -  
                   
  08/20 Existing Home Sales MoM 05:30 July -1.10% - 3.20% -  
                   
  08/20 Leading Index 07:00 July 0.20% - 0.60% -  
                   
  08/21 Markit US Manufacturing PMI 06:45 Aug P 53.80 - 53.80 -  
                   
 
 
 
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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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