Rate Desk Monday, June 22, 2020

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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))