The apartment investment loan we tract (see below for details) clocked in at 4.861% this week making it the 10th week in a row below 5%. Meanwhile the spread between it and the benchmark 10 year Treasury (T10) held in the 210 -220 basis point range over the last six weeks. The T10 itself had been in the 2.7% range over the last month but dipped to 2.65% this week:
Speaking of the spread between the T10 and the ten year apartment loan rate, now that Continue reading Apartment Loan Rate Stays Below 5% For 10th Week