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Now Entering Reprice Territory
  Mortgage Market ALERT
Apr 26, 2016 4:01 PM ET
  • Fannie 3.0 -1 tick at 101-31 
  • 10yr yield pushing new highs at 1.934, up 1.9bps on the day
  • Trend is not our friend

With Fannie 3.0s down 1 tick on the day and 4 ticks from a few lenders' rate sheet print times, we're now on the threshold of negative reprice risk.  At current levels of weakness, we almost never see reprices from more than one or two lenders, but risks increase if we lose ground from here.

MBS / Treasury Market Data

UMBS 5.5
99.44
+0.05
UMBS 6.0
100.89
+0.04
2 YR
4.4956
-0.0215
10 YR
4.2325
-0.0200
Pricing as of: 7/23 11:10AM 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 6.89% 0.00 --
15 Yr. Fixed 6.33% +0.01 --
30 Yr. FHA 6.33% +0.01 --
30 Yr. Jumbo 7.05% 0.00 --
5/1 ARM 6.58% 0.00 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 7.00% -0.03 0.60
15 Yr. Fixed 6.63% +0.07 0.61
30 Yr. FHA 6.87% -0.03 0.92
30 Yr. Jumbo 7.13% +0.02 0.38
5/1 ARM 6.22% -0.16 0.60
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 6.77% -0.09 0.00
15 Yr. Fixed 6.05% -0.11 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.5 99.44 +0.05
UMBS 6.0 100.89 +0.04
GNMA 5.5 99.86 +0.08
GNMA 6.0 100.79 +0.03
US Treasuries Yield Change
2 YR 4.496 -0.022
5 YR 4.151 -0.023
10 YR 4.233 -0.020
30 YR 4.457 -0.016
Pricing as of: 7/23 11:10AM EST

Recent Housing Data

Value Change
Mortgage Apps Jul 10 206.1 -0.19%
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