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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-13 (-11) 2.067%  
 
  FN 3.5% Coupon   104-12.5 (-04)  
 
  Support   2.250%  
 
  Resistance   2.010%  
 
 
 
 
Today's Blurb Tuesday, October 20, 2015
 
 
     Housing Starts rose 6.50% in September to a 1.21 MM annualized rate (consensus -5.30%) marking the second highest level in the last eight years. Building permits fell 5.00% to a 1.103 MM annual rate (consensus +6.10%). Single family starts rose 0.30% to 740K in September vs. 738K in August and multifamily starts rose 18.30% to 466K from 394K prior. Treasuries are moving lower this morning after the better-than-expected housing start data and the curve has steepened with 2s10s up 1.3 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  10/19 No Data - - - - - -  
                   
  10/20 Housing Starts 05:30 Sep 1142K 1206K 1126K 1132K  
                   
  10/20 Housing Starts MoM 05:30 Sep -5.30% 6.50% -3.00% -1.70%  
                   
  10/20 Building Permits 05:30 Sep 1170K 1103K 1170K 1161K  
                   
  10/20 Building Permits MoM 05:30 Sep 6.10% -5.00% 3.50% 2.70%  
                   
  10/21 MBA Mortgage Applications 04:00 Oct 16 - - -27.60% -‚Äč  
                   
  10/22 Initial Jobless Claims 05:30 Oct 17 265K - 255K -  
                   
  10/22 Continuing Claims 05:30 Oct 10 2190K - 2158K -  
                   
  10/22 FHFA House Price Index MoM 06:00 Aug 0.50% - 0.60% -  
                   
  10/22 Existing Home Sales 07:00 Sep 5.39 M - 5.31 M -  
                   
  10/22 Existing Home Sales MoM 07:00 Sep 1.50% - -4.80% -  
                   
  10/23 Markit US Manufacturing PMI 06:45 Oct P 52.70 - 53.10 -  
                   
 
 
 
 
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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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