Rate Desk Wednesday, August 26, 2020

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August 26, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Markets close on record highs and HUD offices hit record volume, with Southeast office closing over $3.4 billion in 2020.

Rate Desk notes August 26, 2020
  • Indices up, record highs
  • UST yields .69
  • Crude $43.40
  • 223(f) 2.20%
  • 221(d)(4) 2.80%
  • Fannie 2.87%
  • Freddie 3.09%
  • GSEs shifting to conservative lending for traditional student housing
  • Scrutinizing collections and occupancy
  • July rents are stabilizing
  • Up $2 on average per rent in July
  • HUD: record volume
  • Southeast region up $800M Y/Y
  • SE HUD office closed 188 loans for +$3.4B in 2020