Back to top

Market Commentary

Market Commentary

October 16, 2014
10-YEAR NOTES   102-20 (+02.5)
FN 3.5% COUPON   104-01 (-03)
SUPPORT   2.190%
Scan with your

Yesterday’s rally in treasuries, the biggest since March 2009, has extended its drive this morning in response to a decline in global growth expectations. The Initial Jobless Claims unexpectedly plunged to 264K vs. 290K survey for the week ended October 11, a surprising -23K decline from prior which is not only the lowest of the recovery but also the lowest level since April 2000. Industrial Production in the US rose +1.0%, the most in 2 years, vs. +0.4% survey. The increase in US Industrial Production can be traced to the strongest utility production since May 2012 and +0.5% increase in manufacturing production. The curve has bear flattened with 2s10s down -2.9 bps.

This Week's Events:

10/16 Initial Jobless Claims 05:30 October 11 290K 264K 287K -
10/16 Continuing Claims 05:30 October 4 2380K 2389K 2381K 2382K
10/16 Industrial Production MoM 06:15 September 0.4% 1.0% -0.1% -0.2%
10/16 Capacity Utilization 06:15 September 79.0% 79.3% 78.8% 78.7%
10/17 Housing Starts 05:30 September 1008K - 956K -
10/17 Housing Starts MoM 05:30 September 5.4% - -14.4% -
10/17 Building Permits 05:30 September 1030K - 998K 1003K
10/17 Building Permits MoM 05:30 September 2.7% - -5.6% -5.1%



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.