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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-14 (-08) 2.063%  
 
  FN 3.5% Coupon   104-14.5 (-02.5)  
 
  Support   2.230%  
 
  Resistance   2.010%  
 
 
 
 
Today's Blurb Wednesday, October 7, 2015
 
 
      MBA Mortgage Applications soared last week, up 25.50% following a 6.70% decline in the week prior. Purchases rose 27.40% vs. -5.60% prior (+48.90% YoY), Refinancing rose 24.20% vs. -7.50% prior (+55.10% YoY), and the average interest rate for a Conventional 30-Year Conforming loan fell from 4.080% to 3.990%. Treasuries are lower this morning and the curve has flattened with 2s10s down 0.4 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  10/05 Markit US Composite PMI 06:45 Sep F - 55.00 55.30 -  
                   
  10/05 Markit US Services PMI 06:45 Sep F 55.60 55.10 55.60 -  
                   
  10/06 Trade Balance 05:30 Aug -$48.00 B -$48.33 B -$41.86 B -$41.81 B  
                   
  10/07 MBA Mortgage Applications 04:00 Oct 2 - 25.50% -6.70% -  
                   
  10/08 Initial Jobless Claims 05:30 Oct 3 274K - 277K -  
                   
  10/08 Continuing Claims 05:30 Sep 26 2200K - 2191K -  
                   
  10/08 Bloomberg Consumer Comfort 06:45 Oct 4 - - 43.00 -  
                   
  10/08 FOMC Minutes 11:00 Sep 16-17 - - - -  
                   
  10/09 Import Price Index MoM 05:30 Sep -0.50% - -1.80% -  
                   
  10/09 Import Price Index YoY 05:30 Sep -11.20% - -11.40% -  
                   
  10/09 Wholesale Inventories MoM 07:00 Aug 0.00% - -0.10% -  
                   
  10/09 Wholesale Trade Sales MoM 07:00 Aug -0.40% - -0.30% -  
                   
 
 
   
 
 
 
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  Price & Lock   Government Program Guidelines  
 
 
   
 
  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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