Yield PRO TV Rate Desk May 18, 2020

May 18, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. House passes $200 billion HEROES Act providing $100 billion to rental assistance.

Rate Desk Notes May 18, 2020
• Indices up, session high
• Crude up $32.84
• UST yields .73
• 223(f) 2.51%
• 221(d)(4) 3.16%
• Fannie 3.21%
• Freddie 3.25-3.35%
• House passes $200 billion HEROES Act
• Advocated by NLIHC
• $100 billion to rental assistance
• Up to 24 months of rent payments
• 70% to households under 50% AMI
• (40% for households under 30% AMI)
• 30% serving 80% AMI