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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
98.34
+0.05
UMBS 6.0
100.05
-0.03
UMBS 6.5
101.50
-0.09
2 YR
4.8284
+0.0092
10 YR
4.4859
-0.0279
Pricing as of: 5/6 5:07PM 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 7.25% -0.03 --
15 Yr. Fixed 6.68% -0.07 --
30 Yr. FHA 6.64% -0.06 --
30 Yr. Jumbo 7.45% -0.03 --
5/1 ARM 7.32% -0.03 --
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 7.22% -0.22 0.00
15 Yr. Fixed 6.47% -0.29 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 98.34 +0.05
UMBS 6.0 100.05 -0.03
UMBS 6.5 101.50 -0.09
GNMA 5.5 99.05 +0.02
GNMA 6.0 100.92 -0.11
GNMA 6.5 101.56 -0.21
US Treasuries Yield Change
2 YR 4.828 +0.009
5 YR 4.494 -0.009
10 YR 4.486 -0.028
30 YR 4.636 -0.035
Pricing as of: 5/6 5:07PM 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