Back to top

Market Commentary

Market Commentary

November 13, 2013
10-YEAR NOTES   97-31.5 (+8.5) 2.738%
FN 3.5% COUPON   100-27.5 (+7)
SUPPORT   2.78%
Scan with your

MBA Mortgage Applicationsdeclined 1.8% last week after dropping 2.8% the prior week.

Overnight, better buying of the belly during the Tokyo session led the market higher and held onto gains despite better UK employment data and Hawkish comments by the BOE. In the U.S., the market is up a quarter pointand MBS are on spread to durationhedges.

At 11:00 AM EST there is a UST buyback in the 1/18-2/43 TIPS and at 1:00 PM EST there is a $24 billion 10-Year note auction.


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:

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.