Daily Newsletter: New Home Sales Reverse Course; Rates Improve After Fed; IRS Slams Door on Tax Dodge

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30 Year Fixed 4.83%   -0.04 15 Year Fixed 4.29%   -0.03 10YR Treasury 3.05%   -0.0484 FNMA 30YR 3.5 98.41   +0.33 FNMA 15YR 2.5 98.78   +0.23 View Today's Rates

Wednesday September 26, 2018 MND NewsWire - 10:44AM New Home Sales Reverse Course, Ending Two-Month Deficit New Home Sales posted a month-over-month increase for the first time since May according to Wednesday's report from the U.S. Census Bureau and the Department of Housing and Urban Development ... Mortgage Rate Watch - 4:18PM Mortgage Rates Improve After Fed Announcement Mortgage rates improved in a somewhat noticeable way for the first time in weeks following today's policy announcement from the Fed. Actually, to be fair and accurate, rates didn't ... MND NewsWire - 4:59PM IRS Slams Door on Property Tax Workarounds One of the more contentious provisions of the 2017 Tax Cuts and Jobs Act (TCJA) was a new ceiling on the SALT deduction. This is the amount taxpayers can deduct on federal tax returns ... MND NewsWire - 8:15AM Mortgage Applications: Purchase Volume Continues to Improve The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage application volume, moved higher during the week ended September 21 as did all of its seasonally ... Differences Between Previous and Current FOMC Statements Freddie Mac Portfolio Up 6.1 Percent in August MBS Day Ahead: Paradoxical Reaction Potential For Today's Fed Non-QM Products; Mel Watt to Testify; Company Changes Latest Video Fed's Powell: Our economy is strong but benefits haven't reached all Americans Fed's Powell: Housing still more afforable now than before financial crisis Fed's Powell: Lack of 'accomodative' language a sign policy inline with expectations More News from 'Around the Web' CNBC - 4:39PM Fed sounds less aggressive than expected and less confident in long-term growth CNBC - 3:04PM Fed's Powell says drop of 'accommodative' does not signal any change in rate hike path Reuters - 3:04PM Instant view: Analysts react to fed rate hike Federal Reserve - 2:10PM Federal Reserve Board and Federal Open Market Committee release economic projections from the September 25-26 FOMC meeting CNBC - 2:10PM Fed still expects one more rate hike in 2018, three for 2019 www.npr.org - 1:58PM House Poised To Pass Spending Bill To Avoid Government Shutdown CNBC - 1:56PM Millennials are flocking to cities where they may never be able to afford a home CNBC - 12:03PM Apartment rents are suddenly rising faster, reversing year-long trend Reuters - 11:38AM UK faces permanent debate over financial rules after Brexit: lawmaker Reuters - 11:08AM Canada PM says won't be rushed on NAFTA, new deal not guaranteed CNBC - 10:10AM New home sales rebound in August, prior months revised lower CNBC - 9:37AM Italy's government could send markets on another rollercoaster ride Calculated Risk Blog - 8:24AM Zillow Case-Shiller Forecast: Slower House Price Gains in August Reuters - 8:05AM Fed likely to raise rates, possibly end 'accommodative' policy era CNBC - 8:04AM Ahead of expected Fed rate hike, Wells Fargo urges investors to reduce risk to safeguard gains Today's Rates Best Execution Rate Change 30 Yr FRM 4.83% -0.04 15 Yr FRM 4.29% -0.03 FHA 30 Year Fixed 4.44% -0.05 Jumbo 30 Year Fixed 4.38% -0.02 5/1 Yr ARM 3.99% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.65% 1.14 +0.09 30 Yr. Fixed 4.19% 1.21 +0.02 MBA ** 30 Yr. Fixed 4.68% 0.46 -0.01 15 Yr. Fixed 4.12% 0.51 +0.05 30 Yr. Jumbo 4.55% 0.37 +0.00 30 Yr. FHA 4.69% 0.81 -0.04 5/1 ARM 3.83% 0.68 -0.10 Freddie Mac ** 30 Yr. Fixed 4.65% 0.50 +0.05 15 Yr. Fixed 4.11% 0.50 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.92% 0.40 -0.01 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 95.64 +0.36 30YR FNMA 3.5 98.41 +0.33 30YR GNMA 3.0 96.84 +0.17 30YR GNMA 3.5 99.22 +0.13 15YR FNMA 3.0 98.78 +0.23 15YR FNMA 2.5 96.48 +0.28 Treasuries Yield Change 2 YR 2.8188% -0.0244 5 YR 2.9461% -0.0371 10 YR 3.0499% -0.0484 30 YR 3.1823% -0.0444 Prices as of: 9/26/2018 5:00PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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