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Negative Reprices Now Likely to be Widespread
  Mortgage Market ALERT
Jun 22, 2015 1:27 PM ET

If you haven't seen a negative reprice so far today, you probably will.  We aren't quite at the highest possible level of risk, but we're getting close.  More importantly, we're breaking to weaker levels from previous support.  10's had been holding just under 2.36 and Fannie 3.5s had been holding just over 103-00.  Both have been broken now, and Fannie 3.5s are down a full half-point on the day.

MBS / Treasury Market Data

UMBS 5.0
99.37
+0.02
UMBS 5.5
100.76
+0.02
2 YR
3.9165
+0.0020
10 YR
3.9068
+0.0029
Pricing as of: 9/1 7:34PM 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 6.43% +0.02 --
15 Yr. Fixed 5.95% 0.00 --
30 Yr. FHA 5.82% +0.02 --
30 Yr. Jumbo 6.62% 0.00 --
5/1 ARM 6.28% -0.01 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 6.44% -0.06 0.54
15 Yr. Fixed 5.88% -0.16 0.68
30 Yr. FHA 6.36% -0.06 0.85
30 Yr. Jumbo 6.75% +0.07 0.39
5/1 ARM 5.98% -0.27 0.65
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 6.35% -0.51 0.00
15 Yr. Fixed 5.51% -0.65 0.00
Source: Freddie Mac
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Market Data

MBS Price Change
UMBS 5.0 99.37 +0.02
UMBS 5.5 100.76 +0.02
GNMA 5.0 99.93 +0.02
GNMA 5.5 100.71 -0.01
US Treasuries Yield Change
2 YR 3.917 +0.002
5 YR 3.704 +0.003
10 YR 3.907 +0.003
30 YR 4.196 +0.003
Pricing as of: 9/1 7:34PM EST

Recent Housing Data

Value Change
Mortgage Apps Aug 28 226.9 0.49%
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