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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-17 (-10) 2.303%  
 
  FN 3.5% Coupon   102-25.5 (-04.5)  
 
  Support   2.370%  
 
  Resistance   2.130%  
 
 
 
 
Today's Blurb Wednesday, December 16, 2015
 
 
        MBA Mortgage Applications fell 1.10% last week following a 1.20% rise the week prior (+14.60% YoY). Purchases fell 2.80% vs. 0.00% prior (+33.70% YoY), Refinancing rose 1.40% vs. 3.50% prior (+4.90% YoY), and the average interest rate for a Conventional 30-Year Conforming loan held at 4.140% for the second consecutive week (4.060% a year ago). Housing Starts rebounded in November, climbing 10.50% to 1.17 Million from 1.06 Million in October. Building Permits increased 11.00% in November to 1.29 Million, the most since June of this year. Manufacturing was stagnant in November, held back by durable goods and automobiles. Industrial Production fell 0.60% last month following a 0.20% decline in October. Today the FOMC releases their statement and may raise the benchmark interest rate from the zero range with a 25 bps hike (expected). Treasuries are lower this morning ahead of the FOMC statement and the 2s10s spread is flat to yesterday's close.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  12/14 No Data - -  -  - - -  
                   
  12/15 Empire Manufacturing 05:30 Dec  -7.00  -4.59 -10.74 -  
                   
  12/15 CPI MoM 05:30 Nov    0.00%   0.00%   0.20% -  
                   
  12/15 CPI YoY 05:30 Nov    0.40%   0.50%   0.20% -  
                   
  12/15 Real Avg Weekly Earnings YoY 05:30 Nov   -   1.60%   2.10%  2.40%  
                   
  12/15 NAHB Housing Market Index 07:00 Dec   63.00  -  62.00 -  
                   
  12/16 MBA Mortgage Applications 04:00 Dec 11   -   -1.10%    1.20%  -  
                   
  12/16 Housing Starts 05:30 Nov  1130K  1173K  1060K 1062K  
                   
  12/16 Housing Starts MoM 05:30 Nov    6.60%  10.50%    -11.00% -12.00%  
                   
  12/16 Building Permits 05:30 Nov   1150K  1289K  1150K 1161K  
                   
  12/16 Building Permits MoM 05:30 Nov   -1.00%   11.00%   4.10%   5.10%  
                   
  12/16 Industrial Production MoM 06:15 Nov   -0.20%  -0.60%   -0.20% -0.40%  
                   
  12/16 Capacity Utilization 06:15 Nov    77.40%  77.00%     77.50% -  
                   
  12/16 FOMC Rate Decision(Upper Bound) 11:00 Dec 16  0.50% -  0.25% -  
                   
  12/16 FOMC Rate Decision(Lower Bound) 11:00 Dec 16  0.25% -  0.00% -  
                   
  12/17 Current Account Balance 05:30 3Q -$118.50 B - -$109.70 B -  
                   
  12/17 Initial Jobless Claims 05:30 Dec 12 275K - 282K -  
                   
  12/17 Continuing Claims 05:30 Dec 5 2200K - 2243K -  
                   
  12/17 Leading Index 07:00 Nov  0.10% -    0.60% -  
                   
  12/18 Kansas City Fed Manf. Activity 08:00 Dec - -  1.00 -  
                   
 
 
 
 
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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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