July 22, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Growing families drive home sales highlighting need for more 3BR units in suburban MF.
Rate Desk notes July 22, 2020
- Indices up
- UST yields .60
- Crude $41.89
- 223(f) 2.34%
- 221(d)(4) 2.95%
- Fannie 2.75%
- Freddie 3.00%
- Existing home sales up 20.7% in June
- Demographic driver: growing families
- Short supply of 3-bedroom units in suburban MF
- More 3BR rental housing needed as young families move to suburbs
