Apartments
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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)
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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
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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
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Consumer Sentiment Index (MCSI)- University of Michigan More Information
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Consumer Confidence Index (CCI) - Nielsen/Conference Board More Information
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