Rate Desk April 21, 2020

Rate Desk April 21 edition

• All three major indices down
• Crude oil back up to $9.69
• UST .58 bp
• 223(f) 2.62%
• 221(d)(4) 3.27%
• Fannie 3.40%
• Freddie 3.50%
• Millennial household formation down
• Renting isn’t a bad thing—flexibility, zero maintenance
• Market downturns present greatest opportunities
• Tom Bozzuto has serious concerns about May 1 rent collections
• Charline Munger knows: no one knows—May rents?
• Permanent rates are low and lenders are still lending

PRO TAKE AWAYS:

• Renting isn’t a bad thing
• The past is prologue
• Good time to start looking for deals