Financial Update

Last updated: 07/08/20

Interest Rate Update
Rates are changing daily; call for an update (rates are approximate from best available outside lender information. Rates do not provide an APR quote).

Prime Rate - 3.25% More Information

2-4 Units - Investor loans: 30 year fixed - 3.875% with one point. 7-yr ARM - 2.75%
Call for details. Thanks to Rosette Pollock of Wells Fargo for her rate update of 07/07/20)

5+ Unit Apartments - Rates are approximately 3.5% - 3.75%, fixed for 5-7 years then adjustable for the balance of a 30 year term.  
Thanks to Paul Simmons; First Federal S&L of San Rafael for the rate update (07/01/20)

Residential Rates
30-year conforming fixed - 2.875%
10-year Jumbo fixed then adjustable - 2.750%
Thanks to Rosette Pollock of Wells Fargo for her rate update of 07/07/20
Key indexes and indicators:
10-Year Treasury Bills - Many fixed rate apartment loans mirror the direction of this rate as well as conforming residential loans. More Information
  • Current: 0.67%
  • Last Week: 0.69%
  • Year ago: 2.05%

Federal Cost of Funds - This index replaces the 11th District Cost of Funds Index. Many adjustable rate loans are tied to this index. More Information
  • April, 2020: 1.224
  • Last month: 1.333
  • Year ago: 2.321

Consumer Sentiment Index (MCSI)- University of Michigan More Information
  • Jun: 78.1
  • May: 72.3
  • Apr: 71.8
  • Mar: 89.1
  • Feb: 101.0
  • Jan: 99.8
  • Dec: 99.3
  • Nov: 96.8
  • Oct: 95.5
  • Sep:93.2
  • Aug: 89.8
  • Jul: 98.4.
  • Jun: 98.2
  • Low (2009): 51.7 - High (2000): 111.4

Consumer Confidence Index (CCI) - Nielsen/Conference Board More Information
  • Jun: 98.1
  • May: 85.9
  • Apr: 85.7
  • Mar: 118.8
  • Feb: 132.6
  • Jan: 130.4
  • Nov: 125.5
  • Oct: 126.1
  • Sep: 124.3
  • Aug: 134.2
  • Jul: 135.7
  • Jun: 124.3
  • May: 131.3
  • Apr: 129.2
Low (02/2009): 25.3 - High (05/2000): 144.7

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Michael J Burke
500 Drakes Landing Rd.
Greenbrae, CA 94904
mburke@marinapartments.com
415.877.1077
Lic #00454938
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Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each office is independently owned and operated. mburke@sothebysrealty.com

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