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Data, Headlines, and Momentum Adding Up to More Gains
  Mortgage Market Update
Jan 24, 2020 5:10 PM ET
  • Markit PMI Services 
    • 53.2 vs 52.9 forecast
  • Markit PMI Manufacturing
    • 51.7 vs 52.5 forecast

Bonds were already trending toward better levels on the day before the PMI data came out.  Post-data, there was a slight bump in an even friendlier direction, but volume had begun to pick up several minutes before that.  Then shortly after 10am ET, another Wuhan Virus case was confirmed in the US (Chicago), leading to the typical "risk-off" move in both stocks and bonds.

All told, 10yr yields are periodically trading under 1.70% at the moment and Fannie 3.0 MBS are at their best levels of the day, up 3 ticks (0.09) at 101-31 (101.97).

MBS / Treasury Market Data

UMBS 5.5
97.01
-0.44
UMBS 6.0
99.06
-0.37
UMBS 6.5
100.89
-0.28
2 YR
4.9996
+0.0675
10 YR
4.7107
+0.0685
Pricing as of: 4/25 7:51PM 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 7.52% +0.13 --
15 Yr. Fixed 6.91% +0.08 --
30 Yr. FHA 7.00% +0.13 --
30 Yr. Jumbo 7.68% +0.10 --
5/1 ARM 7.55% +0.15 --
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 97.01 -0.44
UMBS 6.0 99.06 -0.37
UMBS 6.5 100.89 -0.28
GNMA 5.5 97.87 -0.42
GNMA 6.0 100.08 -0.17
GNMA 6.5 101.12 -0.17
US Treasuries Yield Change
2 YR 5.000 +0.068
5 YR 4.722 +0.066
10 YR 4.711 +0.069
30 YR 4.819 +0.048
Pricing as of: 4/25 7:51PM 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