Financial Update

Last updated: 11/07/18

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 - 5.25% 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 5.0 - 5.25%, 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 (10/30/18)

Residential Rates (conforming loans)
30 year fixed - 4.875%
7 year fixed then adjustable - 4.5%
Thanks to Ashley Card, Opes Advisers for the rate update (11/02/18)

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: 3.22
  • Last Week: 3.15
  • Year ago: 2.32
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: 1.015
  • Last Month: 1.0188
  • Last Year: 0.732

Consumer Sentiment Index (MCSI)- University of Michigan More Information
  • Oct: 98.6
  • Sep: 100.1
  • Aug: 96.2
  • July: 97.9
  • Jun: 98.2
  • May: 98.0
  • Apr: 98.8
  • Mar: 101.4
  • Feb: 99.9
  • Jan: 95.7
  • Dec: 95.9
  • Nov: 98.5
  • Oct: 100.7
Low (2009): 51.7 - High (2000): 111.4

Consumer Confidence Index (CCI) - Nielsen/Conference Board More Information
  • Oct: 137.9
  • Sep: 135.
  • Aug: 133.4
  • Jul: 127.9
  • Jun: 127.1
  • May:
  • Apr: 128.7
  • Mar: 127.0
  • Feb:
  • Jan: 125.4
  • Dec: 123.1
  • Nov: 128.6
  • Oct: 126.2
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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