Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-05.5 (+02.5) 2.231%  
 
  FN 3.5% Coupon   103-12.5 (+01)  
 
  Support   2.380%  
 
  Resistance   2.210%  
 
 
 
 
Today's Blurb Wednesday, November 25, 2015
 
 
       We have quite the data dump this morning ahead of tomorrow’s Holiday and Friday’s early close. MBA Mortgage Applications fell 3.20% last week following a 6.20% advance the week prior. Purchases edged down 0.50% following an 11.90% advance prior (+24.00% YoY), Refinancing fell 4.80% following a 2.30% rise prior (+4.10% YoY), and the average interest rate for a Conventional Conforming 30-Year loan fell 4 bps to 4.140% (4.150% a year ago). Personal Spending rose less than forecast in October, up 0.10% (consensus +0.30%) following a 0.10% rise in September. Personal Income rose in line with expectations up 0.40% with September revised up from 0.10% to 0.20%. Wages rose 0.60% in October for the largest monthly gain in the past five months following little change in September. Disposable income, the money remaining after taxes, rose 0.40%. Durable Goods Orders rose more than forecast in October, up 3.00% (consensus +1.70%) with an upward revision in September from -1.20% to -0.80%. Excluding Transportation, Durable Goods rose 0.50% with an upward revision to September from -0.40% to -0.10%. Initial Jobless Claims fell more than forecast last week at 260K (consensus 270K) vs. 272K prior and Continuing Claims rose to 2207K vs. 2173K prior. The FHFA House Price Index rose more than forecast, up 0.80% (consensus +0.40%) vs. 0.30% prior. Treasuries continue to hover near yesterday’s close levels with Mortgages in toe and the curve has flattened with 2s10s down 0.8 bps.
May you have a wonderful time this Thanksgiving, with friends and family. Happy Thanksgiving Day! 
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/23 Chicago Fed Nat Activity Index 05:30 Oct 0.05 -0.04 -0.37 -0.29  
                   
  11/23 Markit US Manufacturing PMI 06:45 Nov P  54.00   52.60 54.10 -  
                   
  11/23 Existing Home Sales 07:00 Oct     5.40 M       5.36 M     5.55 M  -  
                   
  11/23 Existing Home Sales MoM 07:00 Oct    -2.70%   -3.40%   4.70% -  
                   
  11/24 GDP Annualized QoQ 05:30 3Q S   2.10% 2.10%   1.50% -  
                   
  11/24 Personal Consumption 05:30 3Q S   3.20% 3.00%   3.20% -  
                   
  11/24 GDP Price Index 05:30 3Q S    1.20% 1.30%   1.20% -  
                   
  11/24 S&P/Case-Shiller US HPI MoM 06:00 Sep - 0.83%   0.44% 0.41%  
                   
  11/24 S&P/Case-Shiller US HPI YoY 06:00 Sep - 4.86%   4.68% 4.56%  
                   
  11/24 Consumer Confidence Index 07:00 Nov 99.50 90.40 97.60 99.10  
                   
  11/24 Richmond Fed Manufact. Index 07:00 Nov 1.00 -3.00 -1.00 -  
                   
  11/25 MBA Mortgage Applications 04:00 Nov 20 - -3.20%   6.20% -  
                   
  11/25 Personal Income 05:30 Oct   0.40% 0.40%   0.10% 0.20%  
                   
  11/25 Personal Spending 05:30 Oct   0.30% 0.10%   0.10% -  
                   
  11/25 PCE Deflator MoM 05:30 Oct   0.20% 0.10% -0.10% -  
                   
  11/25 PCE Deflator YoY 05:30 Oct   0.30% 0.20%   0.20% -  
                   
  11/25 Durable Goods Orders 05:30 Oct P   1.70% 3.00% -1.20% -0.80%  
                   
  11/25 Initial Jobless Claims 05:30 Nov 21 270K 260K 271K 272K  
                   
  11/25 Continuing Claims 05:30 Nov 14 2161K 2207K 2175K 2173K  
                   
  11/25 FHFA House Price Index MoM 06:00 Sep  0.40%  0.80%  0.30% -  
                   
  11/25 Markit US Composite PMI 06:45 Nov P - - 55.00 -  
                   
  11/25 Markit US Services PMI 06:45 Nov P 55.10 - 54.80 -  
                   
  11/25 Bloomberg Consumer Comfort 06:45 Nov 22 - - 41.20 -  
                   
  11/25 New Home Sales 07:00 Oct 500K - 468K -  
                   
  11/25 New Home Sales MoM 07:00 Oct   6.80% -  -11.50% -  
                   
  11/25 U. of Michigan Sentiment 07:00 Nov F 93.10 - 93.10 -  
         
 
 
 
 
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