Back to top

Market Commentary

Home
Market Commentary


Friday
October 24, 2014
10-YEAR NOTES   101-01 (+05.5)
2.257%
FN 3.5% COUPON   103-18 (+01.5)
SUPPORT   2.400%
RESISTANCE   2.190%
Scan with your
Smartphone.
 
   

New Home sales surged +18.0% in August to a much higher-than-expected annual rate of 504K, the biggest monthly increase since January 1992. Consensus for September New Home Sales is for a decline of -6.8% to 470K (YoY). Treasuries are opening slightly higher this morning with MBS 1-2 ticks tighter to treasury hedges, and the curve has bull flattened with 2s10s down -1.7 bps.

Have A Nice Weekend!

Today's Events:

DATE EVENTS TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
10/24 New Home Sales 07:00 September 470K - 504K -
10/24 New Home Sales MoM 07:00 September -6.8% - 18.0% -

 

 

 
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:
1-844-SECONDARY

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.