Rate Desk May 6, 2020

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May 6, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. More rental housing, the shape of recovery and a new economic ride.

Rate Desk May 6 notes:
  • NASDAQ two month high
  • Crude oil $23.47
  • UST yields .71 to .73
  • 223(f) 2.60%
  • 221(d)(4) 3.25%
  • Fannie 3.15%
  • Freddie 3.20-3.35%
  • Shift to greater rental housing
  • Delay SF purchases due to economic uncertainty
  • Shape of recovery
  • Majority predict U- or V-shaped recovery
  • Predicted Q3/Q4 rebound
  • Not like Great Recession
  • Akin to disaster economic interruptions
  • The Shock Wave