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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-19 (-07) 2.158%  
 
  FN 3.5% Coupon   103-24 (+00.5)  
 
  Support   2.210%  
 
  Resistance   1.990%  
 
 
 
 
Today's Blurb Wednesday, August 26, 2015
 
 
    MBA Mortgage Applications rose +0.20% last week, for the sixth consecutive weekly advance, following a +3.60% jump in the week prior. Purchases rose +1.70% vs. -1.10% prior (+18.30% YoY), Refinancing fell -1.00% vs. +7.20% prior, and the average interest rate for a Conventional Conforming loan fell from 4.11% to 4.08% (4.28% a year ago). Durable Goods Orders for July posted above expectations, up +2.00% (consensus -0.40%) with June revised up from 3.40% to 4.10%. Core capital goods shipments gained a better than expected +0.60% in July with June revised up from +0.80% to +1.00%. Non-defense capital goods ex-aircraft orders, also surpassed expectations, rising +2.20% in July with June revised up from +0.90% to +1.40%. 
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/25 FHFA House Price Index MoM 06:00 Jun 0.40% 0.20% 0.40% 0.50%  
                   
  08/25 S&P/Case-Shiller US HPI MoM 06:00 Jun - 0.09% 0.04% 0.06%  
                   
  08/25 S&P/Case-Shiller US HPI YoY 06:00 Jun - 4.49% 4.39% 4.43%  
                   
  08/25 Markit US Composite PMI 06:45 Aug P - 55.00 55.70 -  
                   
  08/25 Markit US Services PMI 06:45 Aug P 55.10 55.20 55.70 -  
                   
  08/25 New Home Sales 07:00 Jul 510K 507K 482K 481K  
                   
  08/25 New Home Sales MoM 07:00 Jul 5.80% 5.40% -6.80% -7.70%  
                   
  08/26 MBA Mortgage Applications 04:00 Aug 21 - 0.20% 3.60% -  
                   
  08/26 Durable Goods Orders 05:30 Jul -0.40% 2.00% 3.40% 4.10%  
                   
  08/27 GDP Annualized QoQ 05:30 2Q S 3.20% - 2.30% -  
                   
  08/27 Personal Consumption 05:30 2Q S 3.10% - 2.90% -  
                   
  08/27 Initial Jobless Claims 05:30 Aug 22 275K - 277K -  
                   
  08/27 Continuing Claims 05:30 Aug 15 2247K - 2254K -  
                   
  08/27 Pending Home Sales MoM 07:00 Jul 1.00% - -1.80% -  
                   
  08/27 Pending Home Sales NSA YoY 07:00 Jul 8.30% - 11.10% -  
                   
  08/28 Personal Income 05:30 Jul 0.40% - 0.40% -  
                   
  08/28 Personal Spending 05:30 Jul 0.40% - 0.20% -  
                   
  08/28 PCE Core MoM 05:30 Jul 0.10% - 0.10% -  
                   
  08/28 PCE Core YoY 05:30 Jul 1.30% - 1.30% -  
                   
  08/28 U. of Mich. Sentiment 07:00 Aug F 93.00 - 92.90 -  
                   
 
 
 
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(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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