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NFP Beats, But Not Big; Indecisive Reaction So Far
  Mortgage Market Update
Mar 10, 2017 10:07 AM ET

235k vs 190k forecast, but that's nothing like ADP suggested.

Wages were only up 0.2 vs 0.3 forecast, but the previous month was revised to +0.2 from +0.1.  Unemployment was as-expected and private payrolls were +227k vs 193k forecast

10yr yields are a moving target right now, but trending around 1-1.5bps lower at 2.596-2.60.  Fannie 3.5s are up an eight of a point at 101-01.

MBS / Treasury Market Data

UMBS 5.5
97.50
+0.14
UMBS 6.0
99.45
+0.09
UMBS 6.5
101.09
+0.03
2 YR
4.9788
-0.0156
10 YR
4.6234
-0.0411
Pricing as of: 4/29 3:19PM EST
This Mortgage Market Update is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.

Average Mortgage Rates

Rate Change Points
30 Yr. Fixed 7.43% -0.02 --
15 Yr. Fixed 6.85% -0.01 --
30 Yr. FHA 6.92% -0.03 --
30 Yr. Jumbo 7.63% -0.01 --
5/1 ARM 7.50% 0.00 --
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 97.50 +0.14
UMBS 6.0 99.45 +0.09
UMBS 6.5 101.09 +0.03
GNMA 5.5 98.47 +0.23
GNMA 6.0 100.53 +0.18
GNMA 6.5 101.43 +0.11
US Treasuries Yield Change
2 YR 4.979 -0.016
5 YR 4.651 -0.039
10 YR 4.623 -0.041
30 YR 4.746 -0.028
Pricing as of: 4/29 3:19PM 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