Rate Desk Tuesday, June 30, 2020

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June 30, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Indices breaking quarterly records and the Emergency Affordable Housing Act posed to free up $73 million in new equity.

Rate Desk notes June 30, 2020
  • Indices up, breaking quarterly records
  • UST yields .66
  • Crude $39.39
  • 223(f) 2.47%
  • 221(d)(4) 3.07%
  • Fannie 2.87%
  • Freddie 3.10%
  • Emergency Affordable Housing Act
  • Fix 4% LIHTC rather than using AFR
  • Would free up $73.6 million in new equity
  • Limited supply of 9% loans (70% of development costs)
  • More 4% loans available (30% of development costs)