Yesterday’s Leading Indicators posted gains of +0.9% in July vs. a sharp upward revision in June to +0.6%. May’s Leading Index number was also revised up at +0.6%. Strength in the manufacturing sector is a key factor behind the month's gain, specifically the ISM's new orders index. There is no data on the calendar today and the Treasuries are opening flat to yesterday’s 2:00 PM (PDT) close with 2s10s down 0.5 bps.
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.