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Negative Reprice Risk Increasing
  Mortgage Market ALERT
May 15, 2020 1:17 PM ET

2.0 UMBS are now down a quarter point from the morning highs and 10yr yields are pushing up to new highs for the day.  Negative reprices are increasingly possible here.  

MBS / Treasury Market Data

UMBS 5.5
98.78
-0.24
UMBS 6.0
100.40
-0.15
UMBS 6.5
101.75
-0.10
2 YR
4.8277
+0.0303
10 YR
4.4223
+0.0454
Pricing as of: 5/17 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 7.09% +0.07 --
15 Yr. Fixed 6.56% +0.03 --
30 Yr. FHA 6.62% +0.07 --
30 Yr. Jumbo 7.35% +0.04 --
5/1 ARM 7.30% +0.06 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 7.08% -0.10 0.63
15 Yr. Fixed 6.61% +0.01 0.65
30 Yr. FHA 6.89% -0.03 0.94
30 Yr. Jumbo 7.22% -0.09 0.58
5/1 ARM 6.56% -0.04 0.66
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 7.02% -0.42 0.00
15 Yr. Fixed 6.28% -0.48 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 98.78 -0.24
UMBS 6.0 100.40 -0.15
UMBS 6.5 101.75 -0.10
GNMA 5.5 99.52 -0.17
GNMA 6.0 100.78 +0.04
GNMA 6.5 101.59 +0.02
US Treasuries Yield Change
2 YR 4.828 +0.030
5 YR 4.447 +0.050
10 YR 4.422 +0.045
30 YR 4.561 +0.055
Pricing as of: 5/17 5:59PM EST

Recent Housing Data

Value Change
Mortgage Apps May 15 198.1 0.51%
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