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Negative Reprices Becoming More Likely
  Mortgage Market ALERT
Nov 08, 2018 6:27 PM ET

Attention is turning the the 3-day weekend with risk of a CPI beat on the other side.  Traders are getting out ahead of the expected illiquidity of tomorrow's session.  Fannie 4.0 MBS are down nearly a quarter point from some lenders' rate sheet print times.  As such, negative reprices are becoming more likely for the early/aggressive lenders, and "possible" for other lenders.

MBS / Treasury Market Data

UMBS 5.5
99.50
+0.11
UMBS 6.0
100.92
+0.08
2 YR
4.5030
-0.0141
10 YR
4.2306
-0.0219
Pricing as of: 7/23 8:52AM 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 6.89% 0.00 --
15 Yr. Fixed 6.33% +0.01 --
30 Yr. FHA 6.33% +0.01 --
30 Yr. Jumbo 7.05% 0.00 --
5/1 ARM 6.58% 0.00 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 7.00% -0.03 0.60
15 Yr. Fixed 6.63% +0.07 0.61
30 Yr. FHA 6.87% -0.03 0.92
30 Yr. Jumbo 7.13% +0.02 0.38
5/1 ARM 6.22% -0.16 0.60
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 6.77% -0.09 0.00
15 Yr. Fixed 6.05% -0.11 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 99.50 +0.11
UMBS 6.0 100.92 +0.08
GNMA 5.5 99.92 +0.15
GNMA 6.0 100.84 +0.08
US Treasuries Yield Change
2 YR 4.503 -0.014
5 YR 4.152 -0.022
10 YR 4.231 -0.022
30 YR 4.455 -0.017
Pricing as of: 7/23 8:52AM EST

Recent Housing Data

Value Change
Mortgage Apps Jul 10 206.1 -0.19%
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