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All Lenders Now At Some Risk of Negative Reprices
  Mortgage Market ALERT
Dec 03, 2015 12:32 PM ET

This is the 3rd reprice alert of the morning pertaining to the same negative trend.  We've now seen enough weakness for any lender to be at risk of repricing.  Fannie 3.5s are down 17 ticks on the day, with at least 9 ticks since many lenders' rate sheet print times.

10yr yields are pushing 2.30 after closing at 2.178 yesterday. 

MBS / Treasury Market Data

UMBS 5.5
97.01
-0.44
UMBS 6.0
99.06
-0.37
UMBS 6.5
100.89
-0.28
2 YR
5.0027
+0.0052
10 YR
4.7138
+0.0099
Pricing as of: 4/25 8:03PM 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 7.52% +0.13 --
15 Yr. Fixed 6.91% +0.08 --
30 Yr. FHA 7.00% +0.13 --
30 Yr. Jumbo 7.68% +0.10 --
5/1 ARM 7.55% +0.15 --
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 7.17% -0.27 0.00
15 Yr. Fixed 6.44% -0.32 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 97.01 -0.44
UMBS 6.0 99.06 -0.37
UMBS 6.5 100.89 -0.28
GNMA 5.5 97.87 -0.42
GNMA 6.0 100.08 -0.17
GNMA 6.5 101.12 -0.17
US Treasuries Yield Change
2 YR 5.003 +0.005
5 YR 4.725 +0.005
10 YR 4.714 +0.010
30 YR 4.824 +0.010
Pricing as of: 4/25 8:03PM 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