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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-22 (-1.5) 2.035%  
 
  FN 3.5% Coupon   104-19 (+03)  
 
  Support   2.250%  
 
  Resistance   2.010%  
 
 
 
 
Today's Blurb Thursday, October 22, 2015
 
 
      Initial Jobless Claims rose by 3K to 259K last week following an upward revision from 255K to 256K in the prior week. The four-week average for initial claims fell to 263,250 from 265,250 prior; this is the lowest average since December of 1973. Continuing Claims rose to 2170K from a revised 2164K prior. The FHFA House Price Index rose 0.30% in August (consensus +0.50%) and July was revised down from 0.60% to 0.50%. Existing Home Sales rose 4.70% in September (consensus +1.50%) following a 5.00% dip in August. Treasuries are hovering near yesterday's 2:00 PM (PT) close following this morning's data and the curve has steepened with 2s10s up 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 1.40% 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 0.80% -5.00% 3.50% 2.70%  
                   
  10/21 MBA Mortgage Applications 04:00 Oct 16 - 11.80% -27.60% -  
                   
  10/22 Initial Jobless Claims 05:30 Oct 17 265K 259K 255K 256K  
                   
  10/22 Continuing Claims 05:30 Oct 10 2186K 2170K 2158K 2164K  
                   
  10/22 FHFA House Price Index MoM 06:00 Aug 0.50% 0.30% 0.60% 0.50%  
                   
  10/22 Existing Home Sales 07:00 Sep 5.39 M 5.55 M 5.31 M 5.30 M  
                   
  10/22 Existing Home Sales MoM 07:00 Sep 1.50% 4.70% -4.80% -5.00%  
                   
  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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