Last updated: 01/09/2019
|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 - 5.5% More Information
2-4 Units - 30 Year fixed available, call for current rates.
7 year fixed then adjustable for balance of 30 years - 4.5%. (APR 4.79%)
5 year fixed then adjustable for balance of 30 years - 3.85%.(APR 4.58%)
These rate examples are for a 65% LTV loan and assumes the borrower has or is establishing a banking relationship with the lender. Call for details.
Thanks to Susan Thompson - First Republic Bank for rate update (10/25/18).
5+ Unit Apartments - Rates are approximately 4.50 - 4.75%, fixed for 5-7 years then adjustable for the balance of a 30 year term. Down payments as low as 25%. Better rates possible with higher down payments.
Thanks to Paul Simmons; First Federal S&L of San Rafael for the rate update (01/02/19)
Residential Rates (conforming loans)
30 year fixed - 4.50%
7 year fixed then adjustable - 4.0%
Thanks to Ashley Card, Opes Advisers for the rate update (01/04/19)
|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
|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
|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