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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-20 (-08) 2.155%  
 
  FN 3.5% Coupon   103-31.50 (-03)  
 
  Support   2.280%  
 
  Resistance   2.040%  
 
 
 
 
Today's Blurb Wednesday, September 23, 2015
 
 
        MBA Mortgage Applications for the week ended September 18th rose 13.90% following a 7.00% decline the week prior. Purchases rose 9.10% following a 4.20% drop prior, Refinancing rose 17.70% following a 9.10% drop prior, and the average interest rate for a Conventional Conforming loan remained at 4.09% for the second consecutive week. Markit US Manufacturing PMI is expected to fall to 52.80 in September from 53.00 in August. Treasuries are hovering just below yesterday's 2:00 PM (PT) close and the curve has bear flattened with 2s10s down 0.5 bps.  
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/21 Existing Home Sales 07:00 Aug 5.50 MM 5.31 MM 5.59 MM 5.58 MM  
                   
  09/21 Existing Home Sales MoM 07:00 Aug -1.60% -4.80% 2.00% 1.80%  
                   
  09/22 Richmond Fed Manufacturing Index 07:00 Sep 2.00 -5.00 0.00 -  
                   
  09/23 MBA Mortgage Applications 04:00 Sep 18 - 13.90% -7.00% -  
                   
  09/23 Markit US Manufacturing PMI 06:45 Sep P 52.80 - 53.00 -  
                   
  09/24 Chicago Fed Nat Activity Index 05:30 Aug 0.24 - 0.34 -  
                   
  09/24 Initial Jobless Claims 05:30 Sep 19 272K - 264K -  
                   
  09/24 Continuing Claims 05:30 Sep 12 2240K - 2237K -  
                   
  09/24 Durable Goods Orders 05:30 Aug -2.30% - 2.00% 2.20%  
                   
  09/24 Bloomberg Consumer Comfort 06:45 Sep 20 - - 40.20 -  
                   
  09/24 New Home Sales 07:00 Aug 515K - 507K -  
                   
  09/24 New Home Sales MoM 07:00 Aug 1.60% - 5.40% -  
                   
  09/24 Kansas City Fed Manf. Activity 08:00 Sep -6.00 - -9.00 -  
                   
  09/25 GDP Annualized QoQ 05:30 2Q T 3.70% - 3.70% -  
                   
  09/25 Personal Consumption 05:30 2Q T 3.20% - 3.10% -  
                   
  09/25 Markit US Composite PMI 06:45 Sep P - - 55.70 -  
                   
  09/25 Markit US Services PMI 06:45 Sep P 55.60 - 56.10 -  
                   
  09/25 U. of Mich. Sentiment 07:00 Sep F 86.50 - 85.70 -  
                   
 
 
 
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(844) SECONDARY
(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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