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First Move is Weaker Following Strong NFP
  Mortgage Market ALERT
Dec 04, 2015 10:43 AM ET

NFP came out slightly stronger than expected.  Details are below.  The first move in bond markets is lower in price.  Treasury yields are currently breaking above yesterday's highs.  Fannie 3.5s are down an eighth at 102-30.

  • U.S. NOV NONFARM PAYROLLS +211,000 (CONSENSUS +200,000) VS OCT +298,000 (PREV +271,000), SEPT +145,000 (PREV +137,000)
  • U.S. NOV LABOR FORCE PARTICIPATION RATE 62.5 PCT VS OCT 62.4 PCT (PREV 62.4 PCT)
  • U.S. NOV JOBLESS RATE 5.0 PCT (CONSENSUS 5.0 PCT) VS OCT 5.0 PCT (PREV 5.0 PCT)
  • U.S. NOV AVERAGE HOURLY EARNINGS ALL PRIVATE WORKERS +0.2 PCT (CONS +0.2 PCT) VS OCT +0.4 PCT (PREV +0.4 PCT) TO $25.25 VS OCT $25.21; NOV YEAR-ON-YEAR EARNINGS +2.3 PCT
  • U.S. NOV U-6 UNDEREMPLOYMENT RATE 9.9 PCT VS OCT 9.8 PCT (PREV 9.8 PCT)
  • US NOV PRIVATE SECTOR JOBS +197,000 (CONS +190,000), VS OCT +304,000 (PREV +268,000)
  • U.S. NOV GOVERNMENT JOBS +14,000 VS OCT -6,000 (PREV +3,000) U.S. NOV AVERAGE WORKWK ALL PRIVATE WORKERS 34.5 HRS (CONS 34.5 HRS) VS OCT 34.6 HRS (PREV 34.5 HRS), FACTORY 40.7 VS 40.7, OVERTIME 3.2 VS 3.2
  • U.S. NOV FACTORY JOBS -1,000 (CONS. -1,000) VS OCT +1,000 (PREV UNCHANGED)
  • U.S. NOV GOODS-PRODUCING JOBS +34,000, CONSTRUCTION +46,000, PRIVATE SERVICE-PROVIDING JOBS +163,000, RETAIL +30,700
  • U.S. NOV AGGREGATE WEEKLY HOURS INDEX FOR ALL PRIVATE WORKERS -0.1 PCT VS OCT +0.6 PCT

MBS / Treasury Market Data

UMBS 5.5
97.31
+0.30
UMBS 6.0
99.33
+0.27
UMBS 6.5
101.04
+0.15
2 YR
4.9934
-0.0041
10 YR
4.6702
-0.0337
Pricing as of: 4/26 2:20PM 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 7.45% -0.07 --
15 Yr. Fixed 6.86% -0.05 --
30 Yr. FHA 6.95% -0.05 --
30 Yr. Jumbo 7.64% -0.04 --
5/1 ARM 7.50% -0.05 --
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 97.31 +0.30
UMBS 6.0 99.33 +0.27
UMBS 6.5 101.04 +0.15
GNMA 5.5 98.17 +0.30
GNMA 6.0 100.30 +0.22
GNMA 6.5 101.29 +0.17
US Treasuries Yield Change
2 YR 4.993 -0.004
5 YR 4.689 -0.031
10 YR 4.670 -0.034
30 YR 4.783 -0.031
Pricing as of: 4/26 2:20PM 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