Back to top

Market Commentary

Market Commentary

December 17, 2014
10-YEAR NOTES   101-16.5 (-02)
FN 3.5% COUPON   104-10 (00)
SUPPORT   2.42%
Scan with your

MBA Mortgage Applications fell -3.3% for the week ending December 12th after rising +7.3% in the week prior (-3.7% YoY). Purchases declined -6.9% vs. 1.3% prior (-5.3% YoY), Refinancing came in flat following the prior week’s +13.2% advance, and the average interest rate for a 30-Year conventional conforming loan fell -5 bps to 4.06% (4.62% a year ago). The Consumer Price Index declined by -0.3 % in November with the gasoline index posting its sharpest decline since December of 2008. Treasuries are coming off their lows this morning in reaction to the tame CPI print and the curve has bear steepened with 2s10s up 0.9 bps.

This Week's Events:

12/17 MBA Mortgage Applications 04:00 December 12 - -3.3% 7.3% -
12/17 CPI MoM 05:30 November -0.1% -0.3% 0.0% -
12/17 CPI YoY 05:30 November 1.4% 1.3% 1.7% -
12/17 FOMC Rate Decision 11:00 December 17 0.25% - 0.25% -
12/18 Initial Jobless Claims 05:30 December 13 295K - 294K -
12/18 Continuing Claims 05:30 December 6 2435K - 2514K -
12/18 Leading Index 07:00 November 0.5% - 0.9% -
12/19 Kansas City Fed Manufacturing Activity 08:00 December 7 - 7 -



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.