MBS Highway Overview

MBS Highway Overview

Data driven decisions are essential to every successful business. You want to know not only the industry and progress, but also whether you should lock your loans sooner than later. MBS Highway is an indicator of where pricing for rates are going in the marketplace. It provides you with real estate data for every county in the U.S. displaying historical and forecasted rates of appreciation, and where you are able to get the visibility you need to make swift, informed decisions for closing loans. 

​


UMBS 30YR 3.5%

The UMBS (Uniform Mortgage Backed Securities)  are pass through securities, each representing an undivided interest in a pool of residential mortgages. UMBS are backed by fully amortizing mortgages and pay on a 55-day delay schedule. Freddie Mac guarantees the timely payment of interest and scheduled principal on all UMBS issued by Freddie Mac.

This is an inverse relationship. If the figures goes up, then the rates go down, and vice versa. 





S&P 500 Index 

The S&P 500, or simply the S&P, is a stock market index that measures the value of the stocks of the 500 largest corporations by market capitalization listed on the New York Stock Exchange or Nasdaq Composite. 
​




10Y UST

10Y UST (10-year Treasury Note) is marketable U.S. government debt security with a fixed interest rate and a maturity of 10 years. A 10-year Treasury Note pays interest at a fixed rate once every six months and pays the face value to the holder at maturity. An advantage of investing in 10-year Treasury notes and other federal government securities is that the interest payments are exempt from state and local income taxes. However, they are still taxable at the federal level.

This is a great report to show clients/borrowers. The 10Y UST moves in the same direction as rates. If the 10Y UST goes down, the rates go down. If the 10Y UST goes up, the rates go up. 





Share these graphs with your clients/borrowers to show rates moving in the marketplace. 



    • Related Articles

    • MBS Highway: Tips & Tricks

      MBS Highway can tricky to understand. Here are some helpful tips and tricks to know when going over the information.  Tips & Tricks: Keep MBS Highway open all day long while the market is open to view when mortgage backed securities are going up or ...

    • Loan Workbench: Pricing Overview

      Once the lock date has been set for the loan, view the loan application timeline and lock information in the Pricing tab of Command Center to know how many business days are left on the lock. AFN team members can also quickly request lender credits ...

    • Loan Workbench: Lead Overview

      Access the lead tab in Command Center’s Loan Workbench to view and edit relevant loan data in a user-friendly layout before it is sent to Encompass. Loan Workbench: Lead Overview       1.  Navigate to Pipeline from the left-hand menu.       2. If the ...

    • Pipeline Overview

      The Pipeline is the starting point for viewing key loan information and initiating tasks for loans in Encompass. It can help you quickly see the statuses of your loans and how fast it is moving along the loan application process.  From the Pipeline, ...

    • Forums Overview

      AFN's Forum or message board is a great place for managers to hold conversations relating to their branch, Command Center and the Branch Manager Conference. Managers can seek advice from other managers on best practices, share tips and tricks and ...