Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-19.5 (-07.5) 2.294%  
 
  FN 3.5% Coupon   103-06.5 (-03.5)  
 
  Support   2.380%  
 
  Resistance   2.210%  
 
 
 
 
Today's Blurb Wednesday, November 18, 2015
 
 
        MBA Mortgage Application halted three consecutive weekly declines last week rising 6.20% vs. -1.30% prior (+10.70% YoY). Purchases rose 11.90% following a 0.10% advance prior (+18.60% YoY), Refinancing rose 2.30% after falling 2.20% prior (+5.60% YoY), and the average interest rate for a 30-Year Conventional Conforming loan rose to 4.180% from 4.120% prior (4.180% a year ago). Housing Starts declined more than expected in October, down 11.00% (consensus -3.80%), following an upwardly revised 6.70% in September. Building Permits increased 4.10% in October led by an increase in applications for single-family homes. The FOMC will release the minutes from their October 27th/28th meeting at 11:00 AM PT. Treasuries are lower this morning despite weaker than expected housing start data for October ahead of the FOMC Minutes. The curve has steepened with 2s10s up 0.4 bps. 
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/16 Empire Manufacturing 05:30 Nov -6.50 -10.74 -11.36 -  
                   
  11/17 CPI MoM 05:30 Oct    0.20%    0.20% -0.20% -  
                   
  11/17 CPI YoY 05:30 Oct    0.10%    0.20%  0.00% -  
                   
  11/17 Industrial Production MoM 06:15 Oct    0.10%   -0.20% -0.20% -  
                   
  11/17 Capacity Utilization 06:15 Oct   77.50%   77.50%    77.50% 77.70%  
                   
  11/17 NAHB Housing Market Index 07:00 Nov 64.00 62.00 64.00 65.00  
                   
  11/18 MBA Mortgage Applications 04:00 Nov 13 - 6.20%  -1.30% -  
                   
  11/18 Housing Starts 05:30 Oct 1160K 1060K 1206K 1191K  
                   
  11/18 Housing Starts MoM 05:30 Oct -3.80% -11.00%   6.50% 6.70%  
                   
  11/18 Building Permits 05:30 Oct 1147K 1150K 1103K 1105K  
                   
  11/18 Building Permits MoM 05:30 Oct 3.80% 4.10% -5.00% -4.80%  
                   
  11/18 Fed Releases FOMC Meeting Minutes 11:00 Oct 27-28 - - - -  
                   
  11/19 Initial Jobless Claims 05:30 Nov 14 270K - 276K -  
                   
  11/19 Continuing Claims 05:30 Nov 7 2169K - 2174K -  
                   
  11/19 Bloomberg Consumer Comfort 06:45 Nov 15 - - 41.60 -  
                   
  11/19 Philadelphia Fed Business Outlook 05:30 Nov -0.30 - -4.50 -  
                   
  11/19 Leading Index 07:00 Oct     0.50% -   -0.20% -  
                   
  11/20 Kansas City Fed Manf. Activity 08:00 Nov 0.00 - -1.00 -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
©2015 Sun West Mortgage Company, Inc. All Rights Reserved