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Brexit News Pulling Yields Lower
  Mortgage Market Update
May 22, 2019 1:53 PM ET

There has been a raft of headlines and tweets in the past hour regarding the potential ouster of Theresa May as early as today and as late as Friday.  Treasuries have been following EU bond markets on the headlines and 10yr yields are now down more than 3bps at 2.396.  Fannie 3.5 MBS are up an eighth of a point at 101-06 (101.19).

MBS / Treasury Market Data

UMBS 5.0
99.35
-0.16
UMBS 5.5
100.74
-0.10
2 YR
3.9145
+0.0217
10 YR
3.9039
+0.0424
Pricing as of: 8/30 5:59PM 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 6.43% +0.02 --
15 Yr. Fixed 5.95% 0.00 --
30 Yr. FHA 5.82% +0.02 --
30 Yr. Jumbo 6.62% 0.00 --
5/1 ARM 6.28% -0.01 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 6.44% -0.06 0.54
15 Yr. Fixed 5.88% -0.16 0.68
30 Yr. FHA 6.36% -0.06 0.85
30 Yr. Jumbo 6.75% +0.07 0.39
5/1 ARM 5.98% -0.27 0.65
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 6.35% -0.51 0.00
15 Yr. Fixed 5.51% -0.65 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.0 99.35 -0.16
UMBS 5.5 100.74 -0.10
GNMA 5.0 99.91 -0.04
GNMA 5.5 100.71 -0.10
US Treasuries Yield Change
2 YR 3.915 +0.022
5 YR 3.701 +0.035
10 YR 3.904 +0.042
30 YR 4.193 +0.047
Pricing as of: 8/30 5:59PM EST

Recent Housing Data

Value Change
Mortgage Apps Aug 28 226.9 0.49%
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