Back to top

Market Commentary

Home
Market Commentary


Thursday
September 04, 2014
10-YEAR NOTES   99-16.5 (-06)
2.431%
FN 3.5% COUPON   102-23.5 (-03)
SUPPORT   2.660%
RESISTANCE   2.200%
Scan with your
Smartphone.
 
   

ADP’s estimate for private payroll growth in August is 204K vs. 218K prior (consensus 220K). Nonfarm Productivity growth for the second quarter slipped to a 2.3% annualized gain following a 4.5% decline in the first quarter. Initial Jobless Claims posted 302K vs. 298K prior and Continuing claims fell to 2464K vs. 2527K prior. Total July exports of $198 Billion and imports of $238.6 Billion resulted in a goods and services deficit of $40.5 Billion, down from July’s revised $40.8 Billion. The July goods deficit declined -$0.2 Billion from June to $60.2 Billion and the services surplus was unchanged at $19.6 Billion. The goods and services deficit increased $1.1 Billion YoYTreasuries rose this morning as the European Central Bank lowered interest rates and committed to buying debt, fueling demand for safe haven assets. The curve has bear steepened with 2s10s 2.7 bps steeper and MBS 1 tick tighter to hedges.

This Week's Events:

DATE EVENTS TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
09/04 ADP Employment Change 05:15 August 220K 204K 218K 212K
09/04 Trade Balance 05:30 July -$42.4 Billion -$40.5 Billion -$41.5 Billion -$40.8 Billion
09/04 Jobless Claims 05:30 August 30 300K 302K 298K -
09/04 Continuing Claims 05:30 August 23 2510K 2464K 2527K 2528K
09/04 Markit Services PMI 06:45 August F 58.5 - 58.5 -
09/04 Markit US Composite PMI 06:45 August F - - 58.8 -
09/05 Nonfarm Payrolls 05:30 August 230K - 209K -
09/05 Unemployment Rate 05:30 August 6.1% - 6.2% -

 

 

 
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.