Agency Multifamily Loan Rates
Recent Updates:
Capital Markets Comment: UST10 at 4.04% this morning, unchanged from last week at this time. Having the UST10 rate unchanged light of last Friday’s Supreme Court ruling on Tariffs is fairly remarkable. Since the ruling, gold has increased by 3%, S&P 500 basically unchanged. This says that markets can't yet assess the real impact of the decision, viability of any secondary measures, or the status of trade deals agreed to during the past 10 months or so. Gold’s gain may be reflective of investor uncertainty. On a fundamental basis, the PCE and Core PCE Indices were released on Friday as well. PCE showed inflation at 2.9% Year over Year, while the Core PCE figure showed 3.0% Year over Year. Both levels slightly higher than expected. Given the uncertainty and persistent PCE, chances of a rate cut have fallen to 4% by March, with only a 50/50 chance by June, down from 80% chance last week.
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Rates are provided by Freddie Mac and Fannie Mae