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Stock Lever Engaged; Negative Reprice Risk Increasing
  Mortgage Market ALERT
Feb 03, 2016 4:24 PM ET

MBS are off another few ticks in a quick move that has closely followed gains in equities markets.  Fannie 3.0s are now down as many as 6/32nds from some lenders' rate sheet print times (still mostly focusing on those who already repriced positively).  10yr yields are now up 1.9bps on the day at 1.87.

MBS / Treasury Market Data

UMBS 5.5
99.07
-0.04
UMBS 6.0
100.63
+0.02
UMBS 6.5
101.99
0.00
2 YR
4.6285
+0.0250
10 YR
4.2852
+0.0034
Pricing as of: 7/8 11:56AM 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 7.01% -0.02 --
15 Yr. Fixed 6.41% -0.03 --
30 Yr. FHA 6.48% -0.02 --
30 Yr. Jumbo 7.22% -0.02 --
5/1 ARM 7.03% -0.02 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 7.03% +0.09 0.62
15 Yr. Fixed 6.56% +0.09 0.54
30 Yr. FHA 6.90% +0.11 0.95
30 Yr. Jumbo 7.11% -0.01 0.50
5/1 ARM 6.38% +0.11 0.54
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 6.95% +0.09 0.00
15 Yr. Fixed 6.25% +0.09 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 99.07 -0.04
UMBS 6.0 100.63 +0.02
UMBS 6.5 101.99 0.00
GNMA 5.5 99.62 +0.03
GNMA 6.0 100.77 +0.04
GNMA 6.5 101.66 +0.12
US Treasuries Yield Change
2 YR 4.629 +0.025
5 YR 4.241 +0.013
10 YR 4.285 +0.003
30 YR 4.475 -0.011
Pricing as of: 7/8 11:56AM EST

Recent Housing Data

Value Change
Mortgage Apps Jun 12 208.5 15.58%
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