Last updated: 02/10/21
|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 - 3.375-3.50% .
Thanks to Stevens Manning of All California Mortgage for his rate update of 09/29/20)
5+ Unit Apartments - Rates are approximately 3.25% - 3.50%, 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 (12/07/20)
30-year conforming fixed - 2.750%
Thanks to Ashley Card of Opes Advisors, for the rate update (02/05/21)
|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
|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
|Consumer Sentiment Index (MCSI)- University of Michigan More Information
|Consumer Confidence Index (CCI) - Nielsen/Conference Board More Information