Financial Update

Last updated: 09/19/2019

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 - 5.0% More Information

2-4 Units - Investor loans: 30 Year fixed approximately 5.950%. 5-7 year fixed then adjustable 4.375%.
Thanks to Stevens Manning of All California Mortgage for the rate update (05/08/19).
Owner occupied rates similar to Residential Rates below.

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. Down payments as low as 25%. 
Thanks to Paul Simmons; First Federal S&L of San Rafael for the rate update (09/18/19)

Residential Rates (conforming loans)
30 year fixed - 3.5%
7 year fixed then adjustable - 3.75%
Thanks to Ashley Card, Opes Advisers for the rate update (09/06/19)

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: 1.80%
  • Last Week: 1,75%
  • Year ago: 3.05%

11th District Cost of Funds - Announced on the last business day of each month. Many adjustable rate loans are tied to this index. More Information
  • Current Month: 1.155
  • Last Month: 1.141
  • Last Year: 1.018

Consumer Sentiment Index (MCSI)- University of Michigan More Information
  • Aug: 92.1
  • Jul: 95.4.
  • Jun: 98.2
  • May: 100.0
  • Apr: 97.2
  • Mar: 98.4
  • Feb: 95.5
  • Jan: 91.2
  • Dec: 98.3
  • Nov: 97.5
  • Oct: 98.6
  • Sep: 100.1
  • Aug: 96.2

Low (2009): 51.7 - High (2000): 111.4

Consumer Confidence Index (CCI) - Nielsen/Conference Board More Information
  • Jul: 135.7
  • Jun: 124.3
  • May: 131.3
  • Apr: 129.2
  • Mar: 124.2
  • Feb: 131.4
  • Jan: 121.7
  • Dec: 126.6
  • Nov: 136.4
  • Oct: 137.9
  • Sep: 135.
  • Aug: 133.4
  • Jul: 127.9.

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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