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Weakest Levels of The Day; Reprice Risk Increasing
  Mortgage Market ALERT
Jan 28, 2021 1:05 PM ET

Treasury yields are up to new highs of the day (+4bps at 1.053).  MBS are starting to pay a bit more attention with 2.0 coupons down 2 ticks (.06) on the day and more than an eighth of a point from the highs.

1.5 coupons are in even worse shape, down almost eighth on the day and almost a quarter of a point from the highs.

Jumpier lenders are likely starting to consider negative reprices.

MBS / Treasury Market Data

UMBS 5.5
99.68
+0.27
UMBS 6.0
101.04
+0.15
2 YR
4.3760
-0.0537
10 YR
4.1958
-0.0474
Pricing as of: 7/26 5:59PM 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 6.86% -0.05 --
15 Yr. Fixed 6.31% -0.02 --
30 Yr. FHA 6.32% -0.06 --
30 Yr. Jumbo 7.04% -0.03 --
5/1 ARM 6.53% -0.02 --
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 6.78% -0.08 0.00
15 Yr. Fixed 6.07% -0.09 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 99.68 +0.27
UMBS 6.0 101.04 +0.15
GNMA 5.5 99.98 +0.13
GNMA 6.0 100.89 +0.10
US Treasuries Yield Change
2 YR 4.376 -0.054
5 YR 4.077 -0.055
10 YR 4.196 -0.047
30 YR 4.452 -0.031
Pricing as of: 7/26 5:59PM 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