Back to top

Market Commentary

Home
Market Commentary


Tuesday
August 26, 2014
10-YEAR NOTES   100-01 (+05)
2.372%
FN 3.5% COUPON   102-24 (+02.5)
SUPPORT   2.660%
RESISTANCE   2.200%
Scan with your
Smartphone.
 
   

In yesterday’s data, New Home Sales for July hit the lowest numbers since May coming in at -2.4%, following a -8.1% dive in June. Today we have data on Durable Goods, FHFA House Price Index, S&P/Case-Shiller Home Price Index and Consumer Confidence. New orders for durable goods in July increased $55.3 Billion to $300.1 Billion (+22.6%), the highest level since the series was first published. Excluding transportation, new orders decreased -0.8%, and excluding defense new orders increased +24.9%. Transportation equipment drove the increase in durable goods, up $56.6 Billion to $133 Billion (+74.2%). The FHFA House Price Index rose +0.4% in May and for June the Index posted another +0.4% jump vs. consensus of +0.3%. The S&P/Case-Shiller Home Price Index fell -0.20% vs. -0.31% prior. Consumer confidence for August is expected to come in at 89 vs. 90.9 prior. The curve has bull flattened with 2s10s down -1.2 bps.

This Week's Events:

DATE EVENTS TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
08/26 Durable Goods Orders 05:30 July 8.0% 22.6% 0.7% 2.7%
08/26 FHFA House Price Index MoM 06:00 June 0.3% 0.4% 0.4% 0.2%
08/26 S&P CaseShiller Home Price Index 06:00 June 172.84 172.33 170.64 170.68
08/26 Richmond Fed Manufacturing Index 07:00 August 6 - 7 -
08/27 MBA Mortgage Applications 04:00 August 22 - - 1.4% -
08/28 Jobless Claims 05:30 August 23 300 K - 298 K -
08/28 GDP Annualized QoQ 05:30 2Q S 3.9% - 4.0% -
08/28 Continuing Claims 05:30 August 16 2510 K - 2500 K -
08/28 Personal Consumption 05:30 2Q S 2.4% - 2.5% -
08/28 Pending Home Sales MoM 07:00 July 0.5% - -1.1% -
08/28 Pending Home Sales YoY 07:00 July -3.9% - -4.5% -
08/28 Kansas City Fed 08:00 August 7 - 9 -
08/29 Personal Income 05:30 July 0.3% - 0.4% -
08/29 Personal Spending 05:30 July 0.2% - 0.4% -

 

 

 
Visit Us Online

Get Approved

Download Rate Sheet

Price & Lock

Submit Loan

Resolve Loan Conditions

Conventional Program Guidelines

Government Program Guidelines
 
 
For more information, please call:
1-855-SWMC-AOT

FHA Programs
VA Programs
USDA Rural Housing
HECM Reverse Mortgage
Conforming Products
FHA Multifamily, PowerSaver

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.