Yield PRO TV Rate Desk May 6, 2020

May 6, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. More rental housing, the shape of recovery and a new economic ride.

Rate Desk May 6 notes:

• Nasdaq two month high
• Crude oil $23.47
• UST yields .71 to .73
• 223(f) 2.60%
• 221(d)(4) 3.25%
• Fannie 3.15%
• Freddie 3.20-3.35%
• Shift to greater rental housing
• Delay SF purchases due to economic uncertainty
• Shape of recovery
• Majority predict U- or V-shaped recovery
• Predicted Q3/Q4 rebound
• Not like Great Recession
• Akin to disaster economic interruptions
• The Shock Wave