Good evening,
Quite Week
Thank goodness for a quite week, maybe we can rebound for the slight beating we took from 8/29 to 9/18 (115 bps loss). The trend seems to be no news is good news and Mortgage Backs ever so slowly improve over time. Starting the week over 105:00 and facing resistance set by the upper trend line at 105:05 gives hope that mortgages will continue a trend back towards the lower rates we enjoyed in mid August.
Capital Markets
Primary Residential Mortgage, Inc.
1480 North 2200 West| Salt Lake City| Utah| 84116
Toll Free 1.800.255.2792
o Tick 1/32 or .03125
o MBS Mortgage Backed Security
o TBA To Be Announced (MBS with unknown future delivery)
o Spec Specified Pool
The contents in this memo are not an endorsement of any financial products or investments. PRMI assumes no liability, and will not make any recommendations with respect to the purchase or sale of any investment security or its derivatives.
Economic Calendar
Date/Time(Central)
|
Indicator
|
Period
|
Est.
|
Actual
|
Prior
|
Revised
|
9/22/2014 9:00 AM
|
Existing Home Sales
|
AUG
|
5.20M
|
5.15M
| ||
9/22/2014 9:00 AM
|
Existing Home Sales (MoM)
|
AUG
|
1.0%
|
2.4%
| ||
9/24/2014 6:00 AM
|
MBA Mortgage Apps.
|
19-Sep
|
--
|
7.9%
| ||
9/24/2014 9:00 AM
|
New Home Sales
|
AUG
|
430K
|
412K
| ||
9/24/2014 9:00 AM
|
New Home Sales (MoM)
|
AUG
|
4.4%
|
-2.4%
| ||
9/25/2014 7:30 AM
|
Initial Jobless Claims
|
20-Sep
|
299K
|
280K
| ||
9/25/2014 7:30 AM
|
Continuing Jobless Claims
|
13-Sep
|
2440K
|
2429K
| ||
9/25/2014 7:30 AM
|
Durable Goods Orders
|
AUG
|
-17.9%
|
22.6%
| ||
9/25/2014 7:30 AM
|
Durable Goods Ex. Trans.
|
AUG
|
0.6%
|
-0.8%
| ||
9/26/2014 2:00 AM
|
GDP QoQ (Annualized)
|
2Q T
|
4.6%
|
4.2%
| ||
9/26/2014 7:30 AM
|
Personal Consumption
|
2Q T
|
3.0%
|
2.5%
| ||
9/26/2014 8:55 AM
|
U of Mich. Consumer Confidence
|
SEP F
|
85.0
|
84.6
|
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