Rate Desk Wednesday, August 12, 2020

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August 12, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. HUD/FHA loan refinance options, building customer service increases resident retention.

Rate Desk notes August 12, 2020
  • Indices up
  • UST yields .67
  • Crude $42.56
  • 223(f) 2.27%
  • 221(d)(4) 2.87%
  • Fannie 2.75%
  • Freddie 2.95%
  • HUD/FHA loans: unprecedented times
  • Low rates plus investor pre-pay covers refi costs
  • Jobs = paid rents
  • Hire local to build customer service
  • Happy residents lead to more lease renewals