Yield PRO TV Rate Desk April 29, 2020

April 29, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Now is the time for action, work with your lender and keep the flow of credit strong.

Rate desk notes:
• Low rates alone can’t elevate economy
• Indices are up
• UST yields down .62 bp
• 223(f) 2.55%
• 221(d)(4) 3.20%
• Fannie 3.19%
• Freddie 3.40%
• Time for action
• Communicate with your lender
• Flow of credit is essential
• Bridge lending is active
• Value-add still possible in high rent growth submarkets

PRO TAKE AWAYS:
• Communicate with lenders
• Flow of credit essential
• Keep buying and selling