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08 January 2009
Rates Fall to Record Low of 5.01%

The 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.6 point for the week ending Jan. 8, 2009, down from last week when it averaged 5.10 percent, according to Freddie Mac’s latest results of its Primary Mortgage Market Survey Read More...

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Filed under: Market Conditions, Finances, Rates, data, Buyers Market, Market Review, Financials, Interest Rates, Trends, Multi-Family, FHA loans

 

15 October 2008
Multi-Family Financing Available and Reasonable

Permanent Financing Availability, Cost Remains Reasonable. The MULTI-FAMILY SECTOR is relatively isolated from Wall Street. But REITs (Real Estate Investment Trusts) are being impacted. Their dividend yield rate is falling, which is making it difficult Read More...

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Filed under: Market Conditions, Rates, Interest Rates, Multi-Family, Apartment Buildings

 

15 October 2008
Fed Cuts Rate by .50==Multi-Family Financing Still Unknown

Fed Cuts Rate by 50 Basis Points, Impact on Multi-Family Financing Still Unknown The Federal Reserve today ordered an emergency interest rate cut of half a percentage point , knocking the key rate down to 1.5 percent. The Fed fund rate is the interest Read More...

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Filed under: Market Conditions, Buyer Information, Rates, Interest Rates, Multi-Family, Fed Action