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Bonds Bounce Back After Initial Weakness Following NFP
  Mortgage Market ALERT
May 05, 2017 11:25 AM ET
  • Headline NFP +211k vs 185k forecast
  • Previous reading revised even lower to 79k
  • Average Earnings +0.3 vs +0.3 forecast
  • Unemployment drops to 4.4 vs 4.6 forecast and 4.5 previously

Yields were higher out of the gate, hitting 2.38, but have since bounced back to positive territory (currently unchanged around 2.35).  MBS are in a similar position, hovering between unchanged and slightly positive.  More to follow as the trade develops (IF it develops).

MBS / Treasury Market Data

UMBS 5.5
97.50
+0.42
UMBS 6.0
99.46
+0.40
UMBS 6.5
101.08
+0.34
2 YR
4.9602
-0.0811
10 YR
4.6345
-0.0484
Pricing as of: 5/1 5:04PM 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 7.41% -0.10 --
15 Yr. Fixed 6.84% -0.06 --
30 Yr. FHA 6.88% -0.11 --
30 Yr. Jumbo 7.60% -0.07 --
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 97.50 +0.42
UMBS 6.0 99.46 +0.40
UMBS 6.5 101.08 +0.34
GNMA 5.5 98.37 +0.31
GNMA 6.0 100.48 +0.27
GNMA 6.5 101.49 +0.23
US Treasuries Yield Change
2 YR 4.960 -0.081
5 YR 4.651 -0.066
10 YR 4.635 -0.048
30 YR 4.751 -0.033
Pricing as of: 5/1 5:04PM 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