Market Review July 23rd

Dated: 07/23/2016

Views: 262


 
PrimeLending Logo
This Week in Review

 

For the week ending July 23rd – We’ve seen a bit of a corrective trading pattern in the bond market over the past week and Treasury yields have inched higher. 10yr yields have approached the high-end of our recent trading range from ~1.52%-1.65%, however, one positive note is that they have been able to hold below 1.65% and because of overbought conditions on technical charts, we believe that the 10yr and MBS pricing are due for a bounce. The question now is what is going to spark that move lower in interest rates again.

Overall, it’s been a fairly quiet week on the data front with one highlight being an unexpected rise in existing home sales in June. Sales have now improved in four straight months, and six out of the last seven. Looking ahead to next week, it’s going to be a busy one with top tier data such as Consumer Confidence, New Homes Sales, Durable Goods, and not to mention we have a FOMC 2-day meeting starting on Tuesday. Next week is surely going to provide some market movement for us and that should give us some more insight on where rates are headed in the short-term.

 

Upcoming Market DataMonday - July 25
 
Dallas Fed Mfg Survey
 
Tuesday - July 26
 
S&P Case-Shiller HPI
New Home Sales
Consumer Confidence
 
Wednesday - July 27
 
MBA Mortgage Applications
•  Durable Goods Orders
Pending Home Sales Index
FOMC Meeting Announcement
 
Thursday - July 28
 
International Trade in Goods
Jobless Claims
Bloomberg Consumer Comfort Index
 
Friday - July 29
 
GDP
Employment Cost Index
•  Chicago PMI
•  Consumer Sentiment
 
Featured Blog

 

14 Tips To Help Newlyweds Build A Successful Financial Future

PrimeLending, a PlainsCapital Company

The honeymoon is over and now it’s time to settle into life with your new partner. There are a lot of big adjustments that will take place during this phase of life, including changes to your finances. When it comes to setting up finances, where should newlyweds begin?

Here are 14 tips to help you on your way to establishing a healthy financial relationship as a married couple …

Learn More >

 

CALL TODAY TO DISCUSS THIS WEEK'S MARKET TRENDS.
 
 
Prime Lending Logo
  Jason Kaiman
  Production Manager
  NMLS: 406027
  Office: 515-418-9608
  Cell: 515-205-5244
  10647 Justin Drive
  Urbandale, IA 50322
 
jkaiman@primelending.com
lo.primelending.com/jkaiman

 

Home Loans Made Simple    
 

Connect with us.    Join me on LinkedIn

 

Forward to a Friend   |   Opt Out   |   Legal

Not intended for consumer distribution. Not subject to Reg Z 1026.24
All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender. © 2016 PrimeLending, a PlainsCapital Company (NMLS: 13649).

 

EHL

 

Want to Advertise on this Site?

Latest Blog Posts

Welcome Home To This Beautiful James Plan Designed By Cornerstone Homes

If living on a cul-de-sac isn't enough for you, check out how close this 3 bedroom, 2 full bath ranch home is to beautiful Saylorville Lake!Open floor plan with tray ceiling, kitchen granite counter

Read More

Come Check Out This Gorgeous Ranch

CHECK OUT THIS GORGEOUS KITCHEN!   CLICK THE IMAGE BELOW TO LEARN

Read More

Apr 17 2018 17139 1

                                                       

Read More

The Hot Debate Can You Deduct Prepaid Property Taxes

Prominent tax advisers still don’t agree on whether all those people who prepaid 2018 property taxes can deduct them in full.The debate on such deductions arose after

Read More