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Negative Reprice Risk Increasing Again
  Mortgage Market ALERT
Jun 18, 2015 2:09 PM ET

10yr yields just broke convincingly higher past the day's potentially supportive ceiling and MBS are coming along for the ride.  The apparent source of the move is yet another unsubstantiated report on a Greek aid deal.  It will likely soon be refuted and trading levels will likely reflect that.  But for now, negative reprice risk is higher than it was previously.  Most lenders are at risk.

MBS / Treasury Market Data

UMBS 5.5
98.76
+0.29
UMBS 6.0
100.34
+0.20
UMBS 6.5
101.70
+0.13
2 YR
4.8199
-0.0466
10 YR
4.4482
-0.0408
Pricing as of: 5/14 4:08PM 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 98.76 +0.29
UMBS 6.0 100.34 +0.20
UMBS 6.5 101.70 +0.13
GNMA 5.5 99.33 +0.20
GNMA 6.0 101.20 +0.17
GNMA 6.5 101.70 +0.07
US Treasuries Yield Change
2 YR 4.820 -0.047
5 YR 4.461 -0.039
10 YR 4.448 -0.041
30 YR 4.597 -0.038
Pricing as of: 5/14 4:08PM 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