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.
Commercial Mortgage Chicago
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