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Fed Hikes; First Move Is Weaker
  Mortgage Market ALERT
Dec 16, 2015 2:02 PM ET

If you haven't already seen a reprice or a lock desk shut down, the first move following the FOMC Announcement is weaker for bond markets.  It's not a runaway sell-off just yet.  Markets are digesting.  10's only up to 2.317.  More to follow.

MBS / Treasury Market Data

UMBS 5.5
98.40
-0.22
UMBS 6.0
100.08
-0.20
UMBS 6.5
101.59
-0.11
2 YR
4.8655
+0.0480
10 YR
4.4978
+0.0417
Pricing as of: 5/10 5:04PM 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 7.16% +0.01 --
15 Yr. Fixed 6.64% +0.01 --
30 Yr. FHA 6.62% +0.01 --
30 Yr. Jumbo 7.40% +0.01 --
5/1 ARM 7.33% -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 98.40 -0.22
UMBS 6.0 100.08 -0.20
UMBS 6.5 101.59 -0.11
GNMA 5.5 99.13 -0.15
GNMA 6.0 101.02 -0.13
GNMA 6.5 101.69 -0.01
US Treasuries Yield Change
2 YR 4.866 +0.048
5 YR 4.515 +0.044
10 YR 4.498 +0.042
30 YR 4.641 +0.032
Pricing as of: 5/10 5:04PM 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