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And Now Reprice Risk IS a Potential Consideration
  Mortgage Market ALERT
May 12, 2016 1:56 PM ET
  • 10yr yields threatening top of today's range
  • MBS would likely follow if it breaks
  • We're now right on the threshold of negative reprice risk

Keep a close eye on 10yr yields for a break of the highs of the day.  If that happens, MBS would likely come along for the ride, moving more than 4/32nds weaker from some lenders' rate sheet print times.  That would bring us into reprice risk territory. 

MBS / Treasury Market Data

UMBS 5.5
98.47
+0.07
UMBS 6.0
100.15
+0.07
UMBS 6.5
101.58
-0.01
2 YR
4.8665
+0.0010
10 YR
4.4890
-0.0088
Pricing as of: 5/13 5:08PM 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 7.12% -0.04 --
15 Yr. Fixed 6.62% -0.02 --
30 Yr. FHA 6.59% -0.03 --
30 Yr. Jumbo 7.37% -0.03 --
5/1 ARM 7.30% -0.03 --
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 7.09% -0.35 0.00
15 Yr. Fixed 6.38% -0.38 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 98.47 +0.07
UMBS 6.0 100.15 +0.07
UMBS 6.5 101.58 -0.01
GNMA 5.5 99.12 -0.01
GNMA 6.0 101.03 +0.01
GNMA 6.5 101.63 -0.07
US Treasuries Yield Change
2 YR 4.867 +0.001
5 YR 4.500 -0.015
10 YR 4.489 -0.009
30 YR 4.635 -0.006
Pricing as of: 5/13 5:08PM 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