Last updated: 09/09/20
|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% .
Thanks to Stevens Manning of All California Mortgage for his rate update of 08/19/20)
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 (08/05/20)
30-year conforming fixed - 3.000%
10-year Jumbo fixed then adjustable - 2.625%
Thanks to Rosette Pollock of Wells Fargo for her rate update of 08/31/20
|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
|Consumer Confidence Index (CCI) - Nielsen/Conference Board More Information
Low (02/2009): 25.3 - High (05/2000): 144.7