Brought to you by marketnewsletters.com
CONTACT ME
HUGE Beat for ISM Services; Bonds Tanking
  Mortgage Market ALERT
Oct 05, 2016 10:28 AM ET

60.3 vs 52.2 forecast.  Bonds are selling off quickly.  If you already had rates, reprice risk is likely, but knee jerks are possible.  More thorough update coming, but I wanted to get this out quickly in case you're floating with a jumpy lender.

MBS / Treasury Market Data

UMBS 5.5
97.66
+0.17
UMBS 6.0
99.60
+0.13
UMBS 6.5
101.30
+0.15
2 YR
4.9245
-0.0425
10 YR
4.6025
-0.0070
Pricing as of: 4/23 3:45PM 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 7.38% -0.05 --
15 Yr. Fixed 6.82% -0.03 --
30 Yr. FHA 6.86% -0.05 --
30 Yr. Jumbo 7.58% -0.04 --
5/1 ARM 7.40% 0.00 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 7.13% +0.12 0.00
15 Yr. Fixed 6.64% +0.18 0.64
30 Yr. FHA 6.90% +0.10 0.99
30 Yr. Jumbo 7.40% +0.27 0.46
5/1 ARM 6.52% +0.11 0.60
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 7.10% -0.34 0.00
15 Yr. Fixed 6.39% -0.37 0.00
Source: Freddie Mac
CONTACT ME

Market Data

MBS Price Change
UMBS 5.5 97.66 +0.17
UMBS 6.0 99.60 +0.13
UMBS 6.5 101.30 +0.15
GNMA 5.5 98.47 +0.14
GNMA 6.0 100.35 +0.05
GNMA 6.5 101.44 +0.09
US Treasuries Yield Change
2 YR 4.925 -0.043
5 YR 4.624 -0.026
10 YR 4.603 -0.007
30 YR 4.730 +0.015
Pricing as of: 4/23 3:45PM EST

Recent Housing Data

Value Change
Mortgage Apps Apr 17 202.1 3.27%
Building Permits Mar 1 1.46M -3.95%
Housing Starts Mar 1 1.32M -13.15%
New Home Sales Feb 1 662K 0.15%
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