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Negative Reprices Increasingly Likely
  Mortgage Market ALERT
Dec 14, 2015 12:37 PM ET

MBS and treasuries have quickly moved to their worst levels of the day.  The FNMA 3.5 coupon is down 4 ticks from when most lenders issued rates this morning putting them in a position to consider repricing for the worse.

MBS / Treasury Market Data

UMBS 5.5
97.01
-0.44
UMBS 6.0
99.06
-0.38
UMBS 6.5
100.89
-0.28
2 YR
4.9996
+0.0675
10 YR
4.7050
+0.0628
Pricing as of: 4/25 4:57PM 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 -0.38
UMBS 6.5 100.89 -0.28
GNMA 5.5 97.87 -0.42
GNMA 6.0 100.04 -0.21
GNMA 6.5 101.12 -0.17
US Treasuries Yield Change
2 YR 5.000 +0.068
5 YR 4.719 +0.064
10 YR 4.705 +0.063
30 YR 4.813 +0.042
Pricing as of: 4/25 4:57PM 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