Market Watch July 16th 2016

Dated: 07/16/2016

Views: 365

PrimeLending Logo
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.


Upcoming Market DataMonday - July 18
Housing Market Index
Tuesday - July 19
Housing Starts
Wednesday - July 20
MBA Mortgage Applications
Thursday - July 21
Jobless Claims
Philadelphia Fed Business Outlook Survey
FHFA House Price Index
Bloomberg Consumer Comfort Index
Existing Homes Sales
Friday - July 22
PMI Manufacturing Index Flash


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 …

Learn More >


Prime Lending Logo
  Jason Kaiman
  Production Manager
  NMLS: 406027
  Office: 515-418-9608
  Cell: 515-205-5244
  10647 Justin Drive
  Urbandale, IA 50322




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


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