Back to top

Market Commentary

Home
Market Commentary


Monday
October 27, 2014
10-YEAR NOTES   101-01 (+04)
2.257%
FN 3.5% COUPON   103-18.5 (+03.5)
SUPPORT   2.400%
RESISTANCE   2.190%
Scan with your
Smartphone.
 
   

We have lots of data on the calendar this week, including: Durable Goods, Home Price data, GDP, Personal Consumption, Personal Spending, and on Wednesday the Fed is expected to end QE3 asset purchases while holding the Fed Funds rate at 0.25%. The Markit PMI Services Index in September posted 58.9 vs. 58.5 at mid-month and 59.5 in final August, well over the breakeven 50. The primary October reading is expected to decline to 57.8. Pending Home Sales fell -1.0% in August, down -2.2% YoY, and consensus for September is for a +1.0% advance (MoM). The Dallas Fed Manufacturing Activity Index rose to 10.8 in September, nearly four points above its non-recession average of 7, and is expected to edge up to 11 for October. Treasuries are little changed this morning with 2s10s flat to Friday‚Äôs 2:00 PM (PDT) close.

This Week's Events:

DATE EVENTS TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
10/27 Markit Services PMI 06:45 October P 57.80 - 58.90 -
10/27 Pending Home Sales MoM 07:00 September 1.00% - -1.00% -
10/27 Pending Home Sales YoY 07:00 September 2.20% - -4.10% -
10/27 Dallas Fed Manufacturing Activity 07:30 October 11.00 - 10.80 -
10/28 Durable Goods Orders 05:30 September 0.50% - -18.20% -18.40%
10/28 S&P/Case-Shiller Home Price Index YoY 06:00 August - - 5.61% -
10/28 Richmond Fed Manufacturing Index 07:00 October 11 - 14 -
10/29 MBA Mortgage Applications 04:00 October 24 - - 11.60% -
10/29 Fed QE3 Pace 11:00 October $0 Billion - $15 Billion -
10/29 FOMC Rate Decision 11:00 October 29 0.25% - 0.25% -
10/30 Initial Jobless Claims 05:30 October 25 285K - 283K -
10/30 Continuing Claims 05:30 October 18 2354K - 2351K -
10/30 GDP Annualized QoQ 05:30 3Q A 3.00% - 4.60% -
10/30 Personal Consumption 05:30 3Q A 1.90% - 2.50% -
10/31 Personal Income 05:30 September 0.30% - 0.30% -
10/31 Personal Spending 05:30 September 0.10% - 0.50% -

 

 

 
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.