Update on market

MBS  +5/32 @ 101.13    10 Yr Treasury +1/32 @ 2.4790      Dow +6 @ 15,550

Sales of previously owned houses unexpectedly dropped in June, hurt by a lack of supply and rising mortgage rates that may slow the rebound in the U.S. real-estate market. Purchases (ETSLTOTL) fell 1.2 percent to a 5.08 million annualized rate, the National Association of Realtors reported today in Washington. The median forecast of 79 economists surveyed by Bloomberg called for a 5.26 million pace. The pace of the demand was the second strongest since November 2009 following May’s downwardly revised 5.14 million rate.

 

Top of Form Treasuries
22-Jul-13 Last Change 3-Month T-Bill 0.03% 0.01% 6-Month T-Bill 0.07% 0.00% 1-Year T-Bill 0.10% 0.00% 2-Year Note 0.29% -0.01% 3-Year Note 0.58% -0.01% 5-Year Note 1.29% -0.01% 10-Year Note 2.47% -0.01% 30-Year Bond 3.55% -0.01%

 

Top of Form Major Indices
22-Jul-13 Last Change 11th District COFI 0.951% -0.019% 1-Month LIBOR 0.191% 0.000% 6-Month LIBOR 0.397% -0.001% 12-Month LIBOR 0.681% 0.000% MTA Index 0.159% -0.004% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Top of Form Mortgage Rates
22-Jul-13 Last Change 15-Year Fixed Freddie 3.41% -0.12% 30-Year Fixed Freddie 4.37% -0.14% 1-Year ARM Freddie 2.66% 0.00% 5/1-Year ARM Freddie 3.17% -0.09%

 

APOR (Changes Mondays)

30 Yr Fixed-  4.43%

5/1 ARM -      3.01%

7/1 ARM   -    3.32%

10/1-ARM -  3.83%

 

 

ECONOMIC CALENDAR

	Event			Actual		Cons.	Previous
Jul 22	Chicago Fed National Activity Index (Jun)	-0.13	0.00		-0.29Revised from -0.30
	Existing Home Sales Change (MoM) (Jun)	-1.2%	0.5%		3.4%Revised from 4.2%
	Existing Home Sales (MoM) (Jun)	5.08M	5.26M		5.14MRevised from 5.18M
	3-Month Bill Auction				0.04%
	6-Month Bill Auction				0.07%
Jul 23	Redbook index (MoM) (Jul 14)				0.8%
	Redbook index (YoY) (Jul 14)				3%
	Housing Price Index (MoM) (May)		0.8%		0.7%
	Richmond Fed Manufacturing Index (Jul)		7		8
	4-Week Bill Auction				0.02%
Jul 24	MBA Mortgage Applications (Jul 19)				-2.6%
	Markit Manufacturing PMI (Jul) Preliminar		51.9		51.9
	New Home Sales (MoM) (Jun)		0.485M		0.476M
	New Home Sales Change (MoM) (Jun)				2.1%
	EIA Crude Oil Stocks change (Jul 19)				-6.902M
Jul 25	Durable Goods Orders (Jun)		0.5%		3.6%
	Durable Goods Orders ex Transportation		0.5%		0.7%
	Initial Jobless Claims (Jul 19)		340K		334K
	Continuing Jobless Claims (Jul 13)		2.980M		3.114M
	EIA Natural Gas Storage change (Jul 19)				58B
	Kansas Fed manufacturing activity (Jul)				-17
Jul 26	Reuters/Michigan Consumer Sentiment Index (Jul)				84.1