Rate Desk April 2, 2020

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April 2 edition
  • US treasury yields hold at 59 bp
  • FHA: 12 bp tightening
  • HUD considering distributing reserve monies in light of C-19
  • HUD now allowing virtual inspection by supervising architect
  • 10 year interest rates for Fannie at 3.38% and Freddie at 3.40%
  • Principal and interest reserve fund up to 12 months required
  • Oil up $4.94 a barrel
PRO take aways
  • Crude oil up
  • Fixed rates remain low for GSEs and HUD