market update and this weeks reports

MBS  -3/32 @ 101.30     10 Yr Treasury -7/32 @ 2.6100     Dow -20@ 15,378

 

It has been a quiet morning ahead of today's housing data and tomorrow's labor market data. The important September Employment report which was delayed by the shutdown will be released tomorrow at 8:30 et.

Purchases of previously owned U.S. homes fell in September for the first time in three months, retreating from an almost four-year high as rising prices and mortgage rates discouraged would-be buyers. Sales dropped 1.9 percent to a 5.29 million annual rate, the National Association of Realtors reported today in Washington. The median forecast of 67 economists in a Bloomberg survey called for the pace to slow to 5.3 million. Prices climbed 11.7 percent, pushing affordability to an almost five-year low, the group said.

Top of Form Treasuries
21-Oct-13 Last Change 3-Month T-Bill 0.01% 0.00% 6-Month T-Bill 0.03% -0.01% 1-Year T-Bill 0.11% -0.01% 2-Year Note 0.33% 0.01% 3-Year Note 0.63% 0.01% 5-Year Note 1.36% 0.03% 10-Year Note 2.61% 0.03% 30-Year Bond 3.67% 0.03%

 

Top of Form Major Indices
21-Oct-13 Last Change 11th District COFI 0.956% 0.002% 1-Month LIBOR 0.170% -0.002% 6-Month LIBOR 0.358% -0.002% 12-Month LIBOR 0.613% -0.001% MTA Index 0.144% -0.005% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Top of Form Mortgage Rates
21-Oct-13 Last Change 15-Year Fixed Freddie 3.33% 0.02% 30-Year Fixed Freddie 4.28% 0.05% 1-Year ARM Freddie 2.63% -0.01% 5/1-Year ARM Freddie 3.07% 0.02% Bottom of Form

 APOR (Changes Mondays)

30 Yr Fixed-  4.34%

15 Yr Fixed- 3.43%

5/1 ARM -      2.99%

7/1 ARM   -    3.32%

10/1-ARM -  3.84%

 

Economic Calendar

 

	Event	Actual	Cons.	Previous
Oct 21	Fed's Evans Speech
	Existing Home Sales (MoM) (Sep)	5.29M	5.30M	5.39MRevised from 5.48M
	Existing Home Sales Change (MoM) (Sep)	-1.9%	-2.9%	0.0%Revised from 1.7%
	EIA Crude Oil Stocks change (Oct 11)	3.999M	3.400M	6.807M
	6-Month Bill Auction			0.15%
	3-Month Bill Auction			0.13%
Oct 22	Nonfarm Payrolls (Sep)		180K	169K
	Average Hourly Earnings (MoM) (Sep)		0.2%	0.2%
	Average Hourly Earnings (YoY) (Sep)			2.2%
	Average Weekly Hours (Sep)		34.5	34.5
	Unemployment Rate (Sep)		7.3%	7.3%
	Redbook index (MoM) (Oct 13)			-1.4%
	Redbook index (YoY) (Oct 13)			3.2%
	Richmond Fed Manufacturing Index (Oct)		0	0
	EIA Natural Gas Storage change		85B	90B
	4-Week Bill Auction			0.24%
Oct 23	MBA Mortgage Applications (Oct 18)			0.3%
	Export Price Index (YoY) (Sep)			-1.1%
	Export Price Index (MoM) (Sep)		0.0%	-0.5%
	Import Price Index (MoM) (Sep)		0.2%	0.0%
	Import Price Index (YoY) (Sep)			-0.4%
	Housing Price Index (MoM) (Aug)		0.8%	1.0%
	EIA Crude Oil Stocks change (Oct 18)			3.999M
Oct 24	Initial Jobless Claims (Oct 18)		340K	358K
	Continuing Jobless Claims (Oct 11)		2.875M	2.859M
	Markit Manufacturing PMI (Oct) Preliminar		52.5	52.8
	New Home Sales (MoM) (Sep)		0.425M	0.421M
	New Home Sales Change (MoM) (Sep)			7.9%
	EIA Natural Gas Storage change (Oct 18)
	Kansas Fed manufacturing activity (Oct)			4
Oct 25	Durable Goods Orders (Sep)		2.0%	0.1%
	Durable Goods Orders ex Transportation (Sep)		0.5%	-0.1%
	Reuters/Michigan Consumer Sentiment Index (Oct)		75.0	77.5