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Negative Reprices Becoming Likely; Bonds in Full Melt-Down Mode
  Mortgage Market ALERT
Sep 13, 2019 12:56 PM ET

The jig is up and the correction that was just a possibility at this time last week has now materialized into something relatively full-blown.  10yr yields are approaching 1.90% and Fannie 3.0 MBS are down more than half a point on the day.  Miraculously, there are still a few lenders out there who haven't repriced for the worse yet today.  Great lock opportunity there...

MBS / Treasury Market Data

UMBS 5.5
99.02
-0.31
UMBS 6.0
100.55
-0.25
UMBS 6.5
101.85
-0.15
2 YR
4.7778
-0.0196
10 YR
4.3749
-0.0020
Pricing as of: 5/17 3:21AM 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 7.02% +0.03 --
15 Yr. Fixed 6.53% +0.03 --
30 Yr. FHA 6.55% +0.03 --
30 Yr. Jumbo 7.31% +0.01 --
5/1 ARM 7.24% +0.04 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 7.08% -0.10 0.63
15 Yr. Fixed 6.61% +0.01 0.65
30 Yr. FHA 6.89% -0.03 0.94
30 Yr. Jumbo 7.22% -0.09 0.58
5/1 ARM 6.56% -0.04 0.66
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 7.02% -0.42 0.00
15 Yr. Fixed 6.28% -0.48 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 99.02 -0.31
UMBS 6.0 100.55 -0.25
UMBS 6.5 101.85 -0.15
GNMA 5.5 99.67 -0.19
GNMA 6.0 101.31 -0.18
GNMA 6.5 101.66 -0.15
US Treasuries Yield Change
2 YR 4.778 -0.020
5 YR 4.393 -0.003
10 YR 4.375 -0.002
30 YR 4.516 +0.010
Pricing as of: 5/17 3:21AM EST

Recent Housing Data

Value Change
Mortgage Apps May 15 198.1 0.51%
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