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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-17 (-07) 2.053%  
 
  FN 3.5% Coupon   104-16.5 (-04)  
 
  Support   2.250%  
 
  Resistance   2.010%  
 
 
 
 
Today's Blurb Wednesday, October 28, 2015
 
 
       Today’s calendar is centered on the FOMC Statement that will be released later this afternoon. While we do not expect any fireworks, focus will be on any language changes that may give clues to the timing of lift off. MBA Mortgage Applications fell 3.50% last week following an 11.80% rise the week prior. Purchases fell 34.10% following a 27.40% rise prior, Refinancing fell 22.50% following a 27.40% gain prior, and the average interest rate for a 30-Year Conventional Conforming loan held at 3.990% for the second consecutive week. Treasuries are flat this morning and the curve has steepened with 2s10s up 2 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  10/26 New Home Sales 07:00 Sep 549K 468K 552K 529K  
                   
  10/26 New Home Sales MoM 07:00 Sep -0.60% -11.50% 5.70% 5.20%  
                   
  10/26 Dallas Fed Manf. Activity 07:30 Oct -6.50 -12.70 -9.50 -  
                   
  10/27 Durable Goods Orders 05:30 Sep -1.50% -1.20% -2.00% -3.00%  
                   
  10/27 S&P/Case-Shiller US HPI MoM 06:00 Aug - 0.44% 0.37% 0.31%  
                   
  10/27 S&P/Case-Shiller US HPI YoY 06:00 Aug 4.80% 4.68% 4.69% 4.56%  
                   
  10/27 Markit US Composite PMI 06:45 Oct P - 54.50 55.00 -  
                   
  10/27 Markit US Services PMI 06:45 Oct P 55.50 54.40 55.10 -  
                   
  10/27 Consumer Confidence Index 07:00 Oct 102.90 97.60 103.00 102.60  
                   
  10/27 Richmond Fed Manufact. Index 07:00 Oct -3.00 -1.00 -5.00 -  
                   
  10/28 MBA Mortgage Applications 04:00 Oct 23 - -3.50% 11.80% -  
                   
  10/29 Initial Jobless Claims 05:30 Oct 24 265K - 259K -  
                   
  10/29 Continuing Claims 05:30 Oct 17 2160K - 2170K -  
                   
  10/29 GDP Annualized QoQ 05:30 3Q A 1.50% - 3.90% -  
                   
  10/29 Personal Consumption 05:30 3Q A 3.30% - 3.60% -  
                   
  10/29 GDP Price Index 05:30 3Q A 1.50% - 2.10% -  
                   
  10/29 Pending Home Sales MoM 07:00 Sep 1.00% - -1.40% -  
                   
  10/29 Pending Home Sales NSA YoY 07:00 Sep 7.30% - 6.70% -  
                   
  10/30 Personal Income 05:30 Sep 0.20% - 0.30% -  
                   
  10/30 Personal Spending 05:30 Sep 0.20% - 0.40% -  
                   
  10/30 ISM Milwaukee 06:00 Oct 44.00 - 39.44 -  
                   
  10/30 U. of Mich. Sentiment 07:00 Oct F 92.50 - 92.10 -  
                   
 
 
 
 
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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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