The number of coronavirus cases outside China surged over the weekend which roiled markets on Monday.  The Dow closed down 1,031 points or 3.5% while the yield on the U.S. 10-year closed at record lows as investors flocked to safer assets.  A Fed rate cut – perhaps two before year-end – is now an increasing possibility. Spreads have widened with the sudden movement in the markets, although rates are generally down. 

Today’s pricing:

• 35-year fixed FHA perm loans: 2.75%-3.00%
• 40-year fixed FHA construction/perm loans: 3.30%-3.55% 

These pricing indications are current as of the date posted, subject to market interest rate volatility.  Pricing of FHA insured apartment and healthcare loans may be dependent on loan size and other risk factors.  Call for more information.

Interested in learning about FHA's attractive 221(d)4 new construction loan program?
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