Yield PRO TV Rate Desk June 30, 2020

June 30, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Indices breaking quarterly records and the Emergency Affordable Housing Act posed to free up $73 million in new equity.

Rate Desk notes June 30, 2020
• Indices up, breaking quarterly records
• UST yields .66
• Crude $39.39
• 223(f) 2.47%
• 221(d)(4) 3.07%
• Fannie 2.87%
• Freddie 3.10%
• Emergency Affordable Housing Act
• Fix 4% LIHTC rather than using AFR
• Would free up $73.6 million in new equity
• Limited supply of 9% loans (70% of development costs)
• More 4% loans available (30% of development costs)