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
