Multifamily fundamentals in particular have improved, though not quite back to where they were during the more flush days of the mid-2000s. During 3Q10, average apartment vacancies nationwide were 7.7 percent, compared with 5.8 percent during 3Q07. Yet among property types, apartments are the healthiest in terms of 3Q10 vacancies:
Commercial Mortgage Chicago
FHA 232 LEAN - FHA 242 - Build Amercia Bonds FHA 242/223 F Hospital Refinance
Thursday, December 30, 2010
Tuesday, December 28, 2010
Loan Rates Rising Treasury in SELL OFF
Apartment Loan rates have risen in the last month with rising US treasury rates. For apartment loan programs http://bit.ly/Wrs4l Scott (847) 903-7578
Ten and thirty year treasuries are in a sell off losing over one point today with rates rising about 15 basis points
The ten year treasury is now at 3.46% from 3.33% earlier today and near 2% a few months ago.
FHA 223 F rates have risen the least since they are wrapped with GNMA insurance and are rated AAA. FHA 223 F loan can still be locked below 5% for a 35 year loan.
FNMA and Freddie Mac rates have risen more since there is uncertainty of their future credit rating when the government stops backing them up. Currently large apartment loan rates are about 5.45% for Seven Years and about 5.90% for ten year loans.
FNMA small apartment loans are now running over 6% for ten years.
Several clients have reported bank quotes of 50% to 60% loan to value and twenty year amortizations, offered by several large Midwestern regional banks.
Ten and thirty year treasuries are in a sell off losing over one point today with rates rising about 15 basis points
The ten year treasury is now at 3.46% from 3.33% earlier today and near 2% a few months ago.
FHA 223 F rates have risen the least since they are wrapped with GNMA insurance and are rated AAA. FHA 223 F loan can still be locked below 5% for a 35 year loan.
FNMA and Freddie Mac rates have risen more since there is uncertainty of their future credit rating when the government stops backing them up. Currently large apartment loan rates are about 5.45% for Seven Years and about 5.90% for ten year loans.
FNMA small apartment loans are now running over 6% for ten years.
Several clients have reported bank quotes of 50% to 60% loan to value and twenty year amortizations, offered by several large Midwestern regional banks.
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