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Negative Reprice Risk Increasing
  Mortgage Market ALERT
Jul 06, 2017 11:10 AM ET

We were hoping it wouldn't happen, but now it has.  Bonds have broken beyond the day's previous lows with Fannie 3.5 MBS now down 9/32nds on the day to 102-11.  This is more than an eighth of a point from some lenders' rate sheet print times.  10yr yields are also at the weakest levels of the day, up 6.2 bps at 2.389.

This alert applies mainly to early/aggressive lenders.  It would take several more ticks of weakness for the average lender to consider repricing.

MBS / Treasury Market Data

UMBS 5.5
99.11
+0.39
UMBS 6.0
100.61
+0.22
UMBS 6.5
101.99
+0.18
2 YR
4.6035
-0.1128
10 YR
4.2818
-0.0784
Pricing as of: 7/5 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 7.03% -0.05 --
15 Yr. Fixed 6.44% -0.01 --
30 Yr. FHA 6.50% -0.05 --
30 Yr. Jumbo 7.24% -0.01 --
5/1 ARM 7.05% -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 99.11 +0.39
UMBS 6.0 100.61 +0.22
UMBS 6.5 101.99 +0.18
GNMA 5.5 99.59 +0.28
GNMA 6.0 100.74 +0.21
GNMA 6.5 101.54 +0.08
US Treasuries Yield Change
2 YR 4.604 -0.113
5 YR 4.228 -0.097
10 YR 4.282 -0.078
30 YR 4.486 -0.044
Pricing as of: 7/5 5:59PM 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