The Fed’s commitment to open-market operations in response to COVID-19 have stabilized interest rates at all time lows. The yield on the US 10 Yr has stayed within a tight 15 basis points over the past 30 days, ranging from 0.58% to 0.73%. Despite the stability, agency MBS buyers (including the Fed) are still holding the floor, keeping rates on commercial real estate loans from falling further. Overall, interest rates on commercial Ginnie Mae MBS have come down a bit since our last update.   Check out today’s rates.

FHA Commercial Loan Rate Update – May 15, 2020

• 35-year fixed FHA perm loans: 2.45%-2.60%
• 40-year fixed FHA construction/perm loans: 3.15%-3.40% 

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?
Click to learn more!