Back to top

Market Commentary

Home
Market Commentary


Thursday
September 11, 2014
10-YEAR NOTES   98-25.5 (+06)
2.513%
FN 3.5% COUPON   101-31 (+04)
SUPPORT   2.660%
RESISTANCE   2.200%
Scan with your
Smartphone.
 
   

Last Week Jobless Claims unexpectedly hit a two-month high, interrupting the prior steady decline to pre-recession levels. Initial Jobless Claims (consensus 300K) posted 315K vs. 304K prior (revised) and Continuing Claims (consensus 2490K) rose to 2487K vs. 2478K prior (revised). This unexpected rise in Initial Claims, coupled with last Friday's disappointing Nonfarm Payrolls, could affect the FOMC’s rate decision next week. The Treasury monthly budget report for July showed the deficit is running 24% percent below last year’s, and expectations for August are for -$130 Billion. 10-Year notes rose for the first time in six days as concern that political tension in the Middle East will escalate fueled demand for the safe haven assets, ahead of next week’s Federal Open Market Committee meeting. The curve has bull steepened with 2s10s up +1.6 bps.

This Week's Events:

DATE EVENTS TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
09/11 Jobless Claims 05:30 September 6 300K 315K 302K 304K
09/11 Continuing Claims 05:30 August 30 2490K 2487K 2464K 2478K
09/12 Retail Sales Advance MoM 05:30 August 0.6% - 0.0% -
09/12 Import Price Index MoM 05:30 August -1.0% - -0.2% -
09/12 Import Price Index YoY 05:30 August -0.4% - 0.8% -
09/12 University of Michigan Confidence 06:55 September P 83.3 - 82.5 -

 

 

 
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:
1-844-SECONDARY

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.