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Negative Reprices Coming into Play
  Mortgage Market ALERT
Jun 25, 2015 11:03 AM ET

Its that time of morning again.   The Fannie Mae 3.5 coupon just touched the lows of the day at 102-21.   This will start to place lenders that issued rate sheets early to consider a reprice for the worse.  The trend of the morning is not our friend.  Lenders that haven't released rate sheets yet might delay.

MBS / Treasury Market Data

UMBS 5.5
99.33
+0.53
UMBS 6.0
100.80
+0.41
UMBS 6.5
102.00
+0.26
2 YR
4.7192
-0.0108
10 YR
4.3225
-0.0180
Pricing as of: 5/16 2:10AM 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 6.99% -0.12 --
15 Yr. Fixed 6.50% -0.11 --
30 Yr. FHA 6.52% -0.06 --
30 Yr. Jumbo 7.30% -0.07 --
5/1 ARM 7.20% -0.09 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 7.08% -0.10 0.63
15 Yr. Fixed 6.61% +0.01 0.65
30 Yr. FHA 6.89% -0.03 0.94
30 Yr. Jumbo 7.22% -0.09 0.58
5/1 ARM 6.56% -0.04 0.66
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 99.33 +0.53
UMBS 6.0 100.80 +0.41
UMBS 6.5 102.00 +0.26
GNMA 5.5 99.86 +0.48
GNMA 6.0 101.48 +0.25
GNMA 6.5 101.81 +0.09
US Treasuries Yield Change
2 YR 4.719 -0.011
5 YR 4.331 -0.013
10 YR 4.323 -0.018
30 YR 4.482 -0.025
Pricing as of: 5/16 2:10AM EST

Recent Housing Data

Value Change
Mortgage Apps May 15 198.1 0.51%
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