May 14, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Setting up for future development with historic refi potential.
Rate Desk Notes May 14, 2020
- Indices up
- Crude up $27.68
- UST yields .62
- 223(f) 2.50%
- 221(d)(4) 3.15%
- Fannie 3.20%
- Freddie 3.20-3.35%
- Setting up future development
- Land acquisitions going strong
- Long term rates impacted by purchasing
- Economic uncertainty slow MF refis
- Eve of historic boom
- Massive move-outs disqualified
- Compare portfolio with today’s rates for huge refi potential
