Rate Desk Notes April 29, 2020
- Low rates alone can’t elevate economy
- Indices are up
- UST yields down .62 bp
- 223(f) 2.55%
- 221(d)(4) 3.20%
- Fannie 3.19%
- Freddie 3.40%
- Time for action
- Communicate with your lender
- Flow of credit is essential
- Bridge lending is active
- Value-add still possible in high rent growth submarkets
PRO TAKE AWAYS:
- Communicate with lenders
- Flow of credit essential
- Keep buying and selling
