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Coronavirus fears are driving markets. This morning, the Dow was down to 26,009.03 – approximately 3,000 points or 10% over the past 6 days. Yields on the US 10 Yr hit a new record low below 1.25%. The markets have begun to price in 3 Fed rate cuts in 2020. However spreads have widened as the market weighs the longer term implications.  

Today’s pricing:

• 35-year fixed FHA perm loans: 2.75%-3.00%
• 40-year fixed FHA construction/perm loans: 3.30%-3.55% 

These pricing indications are current as of the date posted, subject to market interest rate volatility.  Pricing of FHA insured apartment and healthcare loans may be dependent on loan size and other risk factors. Call for more information.

Interested in learning more about FHA's attractive 223(f) refinance loan program?
Click to learn more!

The number of coronavirus cases outside China surged over the weekend which roiled markets on Monday.  The Dow closed down 1,031 points or 3.5% while the yield on the U.S. 10-year closed at record lows as investors flocked to safer assets.  A Fed rate cut – perhaps two before year-end – is now an increasing possibility. Spreads have widened with the sudden movement in the markets, although rates are generally down. 

Today’s pricing:

• 35-year fixed FHA perm loans: 2.75%-3.00%
• 40-year fixed FHA construction/perm loans: 3.30%-3.55% 

These pricing indications are current as of the date posted, subject to market interest rate volatility.  Pricing of FHA insured apartment and healthcare loans may be dependent on loan size and other risk factors.  Call for more information.

Interested in learning about FHA's attractive 221(d)4 new construction loan program?
Click to learn more!