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Some Lenders May Already be Considering Reprices
  Mortgage Market ALERT
Aug 04, 2017 10:33 AM ET

Fannie 3.5 MBS are down 9/32nds on the day and 7/32nds (nearly a quarter point) from some lenders' rate sheet print times.  This is enough for the early/aggressive crowd to consider negative reprices, even though they likely priced more conservatively due to today being NFP day.

10yr yields are now fulfilling their unpleasant destiny of hitting the 2.28% technical level (currently up 6.4bps at 2.283%).

MBS / Treasury Market Data

UMBS 5.5
98.29
+0.43
UMBS 6.0
100.09
+0.31
UMBS 6.5
101.59
+0.17
2 YR
4.8192
-0.0545
10 YR
4.5138
-0.0657
Pricing as of: 5/3 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 7.28% -0.09 --
15 Yr. Fixed 6.75% -0.07 --
30 Yr. FHA 6.70% -0.12 --
30 Yr. Jumbo 7.48% -0.07 --
5/1 ARM 7.35% -0.07 --
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 7.22% -0.22 0.00
15 Yr. Fixed 6.47% -0.29 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 98.29 +0.43
UMBS 6.0 100.09 +0.31
UMBS 6.5 101.59 +0.17
GNMA 5.5 99.03 +0.42
GNMA 6.0 101.03 +0.29
GNMA 6.5 101.78 +0.15
US Treasuries Yield Change
2 YR 4.819 -0.055
5 YR 4.503 -0.069
10 YR 4.514 -0.066
30 YR 4.671 -0.058
Pricing as of: 5/3 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