June 22, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Freddie Forward rate lock: great when rates are rising, not so great when rates are falling.
Rate Desk notes June 22, 2020
- Indices up
- Crude $40.60
- UST yields .71
- 223(f) 2.40%
- 221(d)(4) 3.05%
- Fannie 2.90%
- Freddie 3.10%
- Affordable housing and LIHTC
- Freddie Forward rate lock
- Older forwards up to 3.00 points higher than current rates
- Some forwards available for HUD/FHA loans (new construction, sub rehab or 223(f))
