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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-01.5 (-06.5) 2.219%  
 
  FN 3.5% Coupon   103-11.5 (-02)  
 
  Support   2.420%  
 
  Resistance   2.140%  
 
 
 
 
Today's Blurb Wednesday, August 19, 2015
 
 
       MBA Mortgage Applications rose 3.6% last week following a minor +0.1% advance in the week prior (+20.4% YoY). Purchases declined -1.1% vs. -3.5% prior (+19.4% YoY), Refinancing rose +7.2% vs. +3.1% prior (21.2% YoY), and the average interest rate for a 30-Year Conventional Conforming loan fell -2 bps to 4.11% vs. 4.29% a year ago. CPI edged up +0.1% in July (consensus +0.2%) for the slowest monthly pace of consumer inflation gains in the past three months. CPI is up +0.2% YoY (consensus +0.2%). Real Average Hourly Earnings (YoY) are up +2.2%  vs. +1.8% prior. Later today the Fed will release the minutes form their July 28-29th FOMC meeting. Treasuries are hovering just below yesterday’s 2:00 PM (PT) close level and the curve has bear steepened with 2s10s up +0.8 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 1225K 1119K 1343K 1337K  
                   
  08/18 Building Permits MoM 05:30 July -8.00% -16.30% 7.40% 7.00%  
                   
  08/19 MBA Mortgage Applications 04:00 Aug 14 - 3.60% 0.10% -  
                   
  08/19 CPI MoM 05:30 July 0.20% 0.10% 0.30% -  
                   
  08/19 CPI YoY 05:30 July 0.20% 0.20% 0.10% -  
                   
  08/19 FOMC Minutes 11:00 28-19 July - - - -  
                   
  08/20 Initial Jobless Claims 05:30 Aug 15 270K - 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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(844) SECONDARY
(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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