Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-07.5 (+12.5) 2.085%  
 
  FN 3.5% Coupon   103-30.5 (+04)  
 
  Support   2.420%  
 
  Resistance   2.140%  
 
 
 
 
Today's Blurb Thursday, August 20, 2015
 
 
       Initial Jobless claims rose for the 4th straight week to 277K (consensus 271K) vs. 273K prior (revised); this is the 24th consecutive week of claims below 300K. The four-week average of Jobless Claims over the past month climbed by 5.5K to 271.5K. Continuing Claims totaled 2.25 Million in the week ended August 8, down by 20K from the start of the month. July Existing Home Sales rose to the highest level since February 2007, up 2.0% in July to 5.59 Million (consensus 5.43 Million) vs. 5.48 Million prior. Yesterday’s FOMC minutes failed to paint a clear picture on the timing for rate hikes, however the overall tone was fairly dovish with some members expressing concern for lifting interest rates without currently having wage/inflation growth. Treasuries are opening slightly above yesterday’s close levels and the curve has bull flattened with 2s10s down 3.3 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 271K 277K 274K 273K  
                   
  08/20 Continuing Claims 05:30 Aug 8 2265K 2254K 2273K 2278K  
                   
  08/20 Existing Home Sales 07:00 July 5.43 MM 5.59 MM 5.49 MM 5.48 MM  
                   
  08/20 Existing Home Sales MoM 05:30 July -1.10% 2.00% 3.20% 3.00%  
                   
  08/20 Leading Index 07:00 July 0.20% -0.20% 0.60% -  
                   
  08/21 Markit US Manufacturing PMI 06:45 Aug P 53.90 - 53.80 -  
                   
 
 
 
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