Agency Multifamily Loan Rates
Recent Updates:
Capital Markets Comment: UST10 closed at 4.09% yesterday as a crypto currency selloff combined with a heavy corporate issuance calendar caused Treasuries to sell off. Investors are looking to next week's FOMC meeting with full expectation of a rate cut (87% chance). However, that cut is expected with disagreement within the voting members as inflation remains a concern. Cutting rates while inflation is rising could further accelerate inflation with the corresponding adverse economic effects. Those in favor of the rate cuts will argue that the risk from a softening jobs market outweigh those risks. In economic news this week, expect employment and initial jobless claims on Friday. General themes remain. A weakening jobs market, higher inflation, and other risk factors despite record valuations on the equities side.
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Rates are provided by Freddie Mac and Fannie Mae