Market Watch July 16th 2016

Dated: 07/16/2016

Views: 376


 
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This Weekin Review

 

The Treasury market has definitely taken a ‘breather’ this past week as we see 10yr yields retreating up toward the 1.60% handle. As global markets have posted some stronger rallies, combined with some stronger economic data, we see the bond market experiencing some consolidation. We don’t think the rally in Treasuries is over by any means, but with levels hitting all-time lows in 10s in the prior week, the market was overbought and needed some air.

Technically, our bias is leaning toward the bears in the short-term until we see some relief. Support levels to watch for on the 10yr will be 1.59%, then 1.65% as we head into the new week. A break back below 1.45% is needed to really shift the trend back to lower rates and a further rally in mortgage pricing.

 

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FeaturedBlog

 

A House Divided

PrimeLending, a PlainsCapital Company

Different House Features Men And Women Want Most While Shopping
These days, there are common features that homebuyers want when shopping for a house, like central air conditioning, open floor plans and exterior lighting. But when it comes to men and women, their wish lists are sometimes very different. Here’s a breakdown of some of the different features that each group tends to value …


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