Back to top

Market Commentary

Market Commentary

September 25, 2014
10-YEAR NOTES   98-17 (+06) 2.544%
FN 3.5% COUPON   102-03.5 (+05)
SUPPORT   2.660%
Scan with your

Initial Jobless claims for the week of September 20th rose +12K to 293K (consensus 296K), with the prior week revised up by 1,000 to 281K. Continuing claims rose to 2439K (consensus 2440K) and the prior week was revised up by 3,000 to 2432K. Durable goods orders reversed two consecutive monthly increases in August, down $54.5 Billion (18.2%) to $245.4 Billion. Excluding transportation, New orders increased +0.7%, and excluding defense, New orders decreased -19.0%. Markit US Services PMI is expected to edge down to 59.2 vs. 59.5 prior. Treasuries are on session highs following this morning's mixed data and the curve has bull flattened with 2s10s down -2.1 bps.

There is a 7-Year note auction today at 10:00 AM (PDT).

This Week's Events:

09/25 Jobless Claims 05:30 September 20 296K 293K 280K 281K
09/25 Continuing Claims 05:30 September 13 2440K 2439K 2429K 2432K
09/25 Durable Goods Orders 05:30 August -18.0% -18.2% 22.6% 22.5%
09/26 GDP Annualized QoQ 5:30 2Q T 4.6% - 4.2% -
09/26 Personal Consumption 05:30 2Q T 2.9% - 2.5% -
09/26 Core PCE QoQ 05:30 2Q T 2.0% - 2.0% -
09/26 University of Michigan Confidence 06:55 September F 84.8 - 84.6 -



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:

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.