Agency Multifamily Loan Rates
Recent Updates:
Capital Markets Comment: UST10 at 4.16% this morning, relatively stable over the past two weeks, and since the 25bp Fed rate cut. Economic indicators and news have generally been delayed with the Government Shutdown, beginning with the BLS jobs report last Friday, and continuing this week. Markets have begun to look at alternative metrics for economic performance including ADP Jobs reports, and the University of Michigan Consumer Sentiment Index due out this Friday. Currently, sentiment shows 5% lower in September versus last year at this time. Long-run inflation expected at 3.7%. As to rates, market forecasting 92% chance of at least one more 25bp rate cut by year-end.
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Rates are provided by Freddie Mac and Fannie Mae