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Negative Reprices Becoming Likely; Bonds in Full Melt-Down Mode
  Mortgage Market ALERT
Sep 13, 2019 12:56 PM ET

The jig is up and the correction that was just a possibility at this time last week has now materialized into something relatively full-blown.  10yr yields are approaching 1.90% and Fannie 3.0 MBS are down more than half a point on the day.  Miraculously, there are still a few lenders out there who haven't repriced for the worse yet today.  Great lock opportunity there...

MBS / Treasury Market Data

UMBS 5.5
98.80
+0.33
UMBS 6.0
100.39
+0.24
UMBS 6.5
101.74
+0.16
2 YR
4.8209
+0.0126
10 YR
4.4409
+0.0025
Pricing as of: 5/14 11:39PM 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 7.11% -0.01 --
15 Yr. Fixed 6.61% -0.01 --
30 Yr. FHA 6.58% -0.01 --
30 Yr. Jumbo 7.37% 0.00 --
5/1 ARM 7.29% -0.01 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 7.24% +0.11 0.66
15 Yr. Fixed 6.75% +0.11 0.64
30 Yr. FHA 7.01% +0.11 0.94
30 Yr. Jumbo 7.45% +0.05 0.56
5/1 ARM 6.64% +0.12 0.87
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 7.09% -0.35 0.00
15 Yr. Fixed 6.38% -0.38 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 98.80 +0.33
UMBS 6.0 100.39 +0.24
UMBS 6.5 101.74 +0.16
GNMA 5.5 99.38 +0.26
GNMA 6.0 101.24 +0.21
GNMA 6.5 101.72 +0.10
US Treasuries Yield Change
2 YR 4.821 +0.013
5 YR 4.458 +0.007
10 YR 4.441 +0.003
30 YR 4.584 -0.001
Pricing as of: 5/14 11:39PM EST

Recent Housing Data

Value Change
Mortgage Apps Apr 24 196.7 -2.67%
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