Yield PRO TV Rate Desk April 6, 2020

April 6 edition notes:
• Stocks were up and erased last week’s declines
• 10 year US treasury at 68 bp
• HUD/FHA 223(f) acquisition and refinancing rates at 2.60%
• HUD/FHA 221(d)(4) New construction and sub rehab rates: 3.30%
• Fannie at 3.42%
• Freddie at 3.50%
• Life companies sidelined
• Large banks busy with PPP loans; cash requests slow
• Non-recourse CMBS/CLO on the sidelines
• Debt/equity funds still in
• 2-3 Year Term, 1M (1.25 Floor) LIBOR + 3.50-4.25 = Rates of 4.75% to 5.50%