Financial Update

Last updated: 03/03/21

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 (03/03/21)

Residential Rates
30-year conforming fixed - 3.125%
Thanks to Ashley Card of Flagstar Bank, for the rate update (02/26/21)
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
  • Current: 1.38%
  • Last Week: 1.29%
  • Year ago:1.38%

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
  • Jan 2021: 0.911
  • Last month: 0.925
  • Year ago: 1.77

Consumer Sentiment Index (MCSI)- University of Michigan More Information
  • Feb: 76.8
  • Jan: 79.0
  • Dec: 80.7
  • Nov: 76.9
  • Oct: 81.8
  • Sep: 80.4
  • Aug: 74.1
  • Jul: 72.5
  • Jun: 78.1
  • May: 72.3
  • Apr: 71.8
  • Mar: 89.1
  • Feb: 101.0
  • Jan: 99.8
  • Low (2009): 51.7 - High (2000): 111.4

Consumer Confidence Index (CCI) - Nielsen/Conference Board More Information
  • Feb: 91.3
  • Jan: 88.9
  • Dec: 87.1
  • Nov: 96.1
  • Oct: 101.4
  • Sep: 101.8
  • Aug: 86.3
  • Jul: 92.6
  • Jun: 98.1
  • May: 85.9
  • Apr: 85.7
  • Mar: 118.8
  • Feb: 132.6
  • Low (02/2009): 25.3 - High (05/2000): 144.7

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Golden Gate Sotheby's International Realty

MarinApartments.com
500 Drakes Landing Rd.
Greenbrae, CA 94904
o: 415.518.7200
Michael J Burke
mburke@marinapartments.com
m: 415.518.7200
Lic #00454938
Pamela Burke
pburke@marinapartments.com
m: 415.424-9835
Lic #02156257

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each office is independently owned and operated. m.burke@ggsir.com

© 2024  : Marin Apartments Michael J Burke