Financial Update

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
  • Current: 1.87%
  • Last Week: 1.92%
  • Year ago: 2.73%

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
  • November 2019: 1.998
  • Last month: 2.068
  • Year ago: 2.188

Consumer Sentiment Index (MCSI)- University of Michigan More Information
  • Dec: 99.2
  • Nov: 96.8
  • Oct: 95.5
  • Sep:93.2
  • Aug: 89.8
  • Jul: 98.4.
  • Jun: 98.2
  • May: 100.0
  • Apr: 97.2
  • Mar: 98.4
  • Feb: 95.5
  • Jan: 91.2
  • Dec: 98.3
  • Nov: 97.5
Low (2009): 51.7 - High (2000): 111.4

Consumer Confidence Index (CCI) - Nielsen/Conference Board More Information
  • Nov: 125.5
  • Oct: 126.1
  • Sep: 124.3
  • Aug: 134.2
  • 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
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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