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Negative Reprices Becoming More Likely
  Mortgage Market ALERT
Oct 05, 2018 12:00 PM ET

It looks like traders are throwing in the towel (or close to it) on bond trading for the week--perhaps with an eye on the 3-day weekend.  Whatever the reason, we're now at the worst levels of the day in both MBS and Treasuries.  Negative reprices are now becoming "likely" for jumpier lenders and "possible" for everyone else. 

MBS / Treasury Market Data

UMBS 5.5
97.45
-0.21
UMBS 6.0
99.44
-0.18
UMBS 6.5
101.17
-0.13
2 YR
4.9238
-0.0083
10 YR
4.6460
+0.0038
Pricing as of: 4/25 7:13AM 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 7.39% +0.01 --
15 Yr. Fixed 6.83% +0.01 --
30 Yr. FHA 6.87% +0.01 --
30 Yr. Jumbo 7.58% 0.00 --
5/1 ARM 7.40% 0.00 --
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 7.10% -0.34 0.00
15 Yr. Fixed 6.39% -0.37 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 97.45 -0.21
UMBS 6.0 99.44 -0.18
UMBS 6.5 101.17 -0.13
GNMA 5.5 98.30 -0.16
GNMA 6.0 100.25 -0.15
GNMA 6.5 101.30 -0.13
US Treasuries Yield Change
2 YR 4.924 -0.008
5 YR 4.646 -0.010
10 YR 4.646 +0.004
30 YR 4.784 +0.013
Pricing as of: 4/25 7:13AM 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