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Weakest Levels of The Day; Reprice Risk Increasing
  Mortgage Market ALERT
Jan 28, 2021 1:05 PM ET

Treasury yields are up to new highs of the day (+4bps at 1.053).  MBS are starting to pay a bit more attention with 2.0 coupons down 2 ticks (.06) on the day and more than an eighth of a point from the highs.

1.5 coupons are in even worse shape, down almost eighth on the day and almost a quarter of a point from the highs.

Jumpier lenders are likely starting to consider negative reprices.

MBS / Treasury Market Data

UMBS 5.5
97.45
-0.21
UMBS 6.0
99.44
-0.18
UMBS 6.5
101.17
-0.13
2 YR
4.9331
+0.0010
10 YR
4.6475
+0.0053
Pricing as of: 4/25 2:13AM EST
This Mortgage Market Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.

Average Mortgage Rates

Rate Change Points
30 Yr. Fixed 7.39% +0.01 --
15 Yr. Fixed 6.83% +0.01 --
30 Yr. FHA 6.87% +0.01 --
30 Yr. Jumbo 7.58% 0.00 --
5/1 ARM 7.40% 0.00 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 7.24% +0.11 0.66
15 Yr. Fixed 6.75% +0.11 0.64
30 Yr. FHA 7.01% +0.11 0.94
30 Yr. Jumbo 7.45% +0.05 0.56
5/1 ARM 6.64% +0.12 0.87
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 7.10% -0.34 0.00
15 Yr. Fixed 6.39% -0.37 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 97.45 -0.21
UMBS 6.0 99.44 -0.18
UMBS 6.5 101.17 -0.13
GNMA 5.5 98.30 -0.16
GNMA 6.0 100.25 -0.15
GNMA 6.5 101.30 -0.13
US Treasuries Yield Change
2 YR 4.933 +0.001
5 YR 4.652 -0.004
10 YR 4.648 +0.005
30 YR 4.781 +0.009
Pricing as of: 4/25 2:13AM EST

Recent Housing Data

Value Change
Mortgage Apps Apr 24 196.7 -2.67%
Building Permits Mar 1 1.46M -3.95%
Housing Starts Mar 1 1.32M -13.15%
New Home Sales Mar 1 693K 4.68%
Pending Home Sales Feb 1 75.6 1.75%
Existing Home Sales Feb 1 3.97M -0.75%
Builder Confidence Mar 1 51 6.25%

Recent News