Rate Desk Wednesday, November 25, 2020

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November 25, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Happy Thanksgiving! Window closing to lock in your rates as agencies are shifting to the new 2021 matrix.

Rate Desk notes November 25, 2020
  • DOW, S&P down, NASDAQ up
  • Crude $45.80
  • UST yields .89
  • 223(f) 2.39%
  • 221(d)(4) 2.99%
  • Fannie 3.04%
  • Freddie 3.40%
  • Window closing to lock your rates
  • Twilight time of year for funding
  • Need more housing
  • No secret sauce
  • Cut red tape to get more units delivered
  • Increase incentives to drive up supply