Last updated: 01/15/2019
|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 - 4.75% More Information
2-4 Units - Investor loans: 30 year fixed - 4.125% - 4.375%.
7 Year ARM - 4.0% - 4.25%.
Thanks to Bill Hoopes of Neat Capital for the rate update (11/13/19)
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 (01/13/20)
Residential Rates (conforming loans)
30 year fixed - 3.750%
7 year fixed then adjustable - 3.875%
Thanks to Ashley Card, Opes Advisers for the rate update (01/10/20)
|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
|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
Low (2009): 51.7 - High (2000): 111.4
|Consumer Confidence Index (CCI) - Nielsen/Conference Board More Information
Low (02/2009): 25.3 - High (05/2000): 144.7