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Bonds Are Coming Back Now. Reprice Risk Fading
  Mortgage Market ALERT
Jun 25, 2019 4:07 PM ET

While we have seen a lender or two go ahead and pull the negative reprice trigger during past examples of similar market movement, the average lender is no longer at risk.  Bonds are quickly bouncing back as Powell's Q&A is being interpreted as far more bond-friendly than the prepared remarks.   More to follow on the specifics shortly...

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 Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.

Average Mortgage Rates

Rate Change Points
30 Yr. Fixed 6.43% +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