Coronavirus fears are driving markets. This morning, the Dow was down to 26,009.03 – approximately 3,000 points or 10% over the past 6 days. Yields on the US 10 Yr hit a new record low below 1.25%. The markets have begun to price in 3 Fed rate cuts in 2020. However spreads have widened as the market weighs the longer term implications.  

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 more about FHA's attractive 223(f) refinance loan program?
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