Rate Desk May 18, 2020

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May 18, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. House passes $200 billion HEROES Act providing $100 billion to rental assistance.

Rate Desk notes May 18, 2020
  • Indices up, session high
  • Crude up $32.84
  • UST yields .73
  • 223(f) 2.51%
  • 221(d)(4) 3.16%
  • Fannie 3.21%
  • Freddie 3.25-3.35%
  • House passes $200 billion HEROES Act
  • Advocated by NLIHC
  • $100 billion to rental assistance
  • Up to 24 months of rent payments
  • 70% to households under 50% AMI
  • (40% for households under 30% AMI)
  • 30% serving 80% AMI