August 19, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. With MF construction soaring nationwide, take advantage of lower rates to maximize your borrowing power.
Rate Desk notes August 19, 2020
- Indices down
- UST yields .67
- Crude $42.89
- 223(f) 2.16%
- 221(d)(4) 2.76%
- Fannie 2.69%
- Freddie 3.15%
- MF construction soaring nationwide
- 63,429 units under construction
- 221(d)(4) boom
- Longer processing times balanced by dropping construction costs
- Lower rates, more borrowing power
- Are you maximizing in your new construction loans?
- Yield maintenance, defeasance
- Pre-payment penalty
- Lender calculated indemnity
