Yield PRO TV Rate Desk June 22, 2020

June 22, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Freddie Forward rate lock: great when rates are rising, not so great when rates are falling.

Rate Desk notes June 22, 2020
• Indices up
• Crude $40.60
• UST yields .71
• 223(f) 2.40%
• 221(d)(4) 3.05%
• Fannie 2.90%
• Freddie 3.10%
• Affordable housing and LIHTC
• Freddie Forward rate lock
• Older forwards up to 3.00 points higher than current rates
• Some forwards available for HUD/FHA loans (new construction, sub rehab or 223(f))