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MBS Down More Than a Quarter of a Point; Negative Reprices Coming
  Mortgage Market ALERT
Feb 27, 2018 6:54 PM ET

While we haven't seen many reprices yet, expect to see a few more.  Fannie 3.5 MBS are now down more than a quarter of a point as markets are reading Powell's responses as more hawkish than his prepared remarks.  10yr yields are up to 2.908% and Fannie 3.5 MBS are down to 99-16 (99.5).  

Most any lender is at risk of repricing.

MBS / Treasury Market Data

UMBS 5.5
97.31
0.00
UMBS 6.0
99.32
+0.02
UMBS 6.5
101.10
+0.01
2 YR
4.9879
-0.0015
10 YR
4.6222
-0.0043
Pricing as of: 4/19 5:04PM EST
This Mortgage Market Alert is provided in partnership with MBS Live and provided exclusively to MBS Live Subcribers.

Market Data

MBS Price Change
UMBS 5.5 97.31 0.00
UMBS 6.0 99.32 +0.02
UMBS 6.5 101.10 +0.01
GNMA 5.5 98.08 +0.01
GNMA 6.0 100.08 +0.02
GNMA 6.5 101.21 +0.06
US Treasuries Yield Change
2 YR 4.988 -0.002
5 YR 4.672 -0.006
10 YR 4.622 -0.004
30 YR 4.710 -0.022
Pricing as of: 4/19 5:04PM EST

Recent Housing Data

Value Change
Mortgage Apps Apr 17 202.1 3.27%
Building Permits Mar 1 1.46M -3.95%
Housing Starts Mar 1 1.32M -13.15%
New Home Sales Feb 1 662K 0.15%
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%

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