The apartment loan rate we track popped up into the 4.70s today after spending the last three weeks in the 4.60s. Today’s 4.71% rate is about the same as it was a year ago, just before the taper tantrum hit. Monday quotes on the 10 year Treasury have climbed two weeks in a row now but remain below most recent highs of March, clocking in at 2.62 today. The downward march of the spread has flattened recently in the 2.0 – 2.15 range, including today’s number at 2.14. The ULI <60%LTV rate still looks like someone bouncing a ball down the stairs but their data is lagged a week so we’ll have to check back on Friday to see if that rate is going to tick up as well.
![10 year Treasury versus Apartment Building Investment Loan Rete June 2014](http://ashworthpartners.com/wp-content/uploads/2014/06/T10-v-Apt-Loan-Jun-9-2014.png)
Speaking of the spread between the T10 and the ten year apartment loan rate, now that Continue reading Rates For Apartment Building Loans About Where They Were A Year Ago Just Before…