The Fed announced earlier today its continued commitment to supporting low interest rates during COVID-19 until the economy rebounds. Interest rates have remained steady at these low levels since the Fed revived and expanded its QE policy. The yield on the US 10 Yr has stayed within a tight range, ranging from 0.59% to 0.75% since June 15. Spreads to the US 10 Yr have tightened some, although still remain 20 to 30 basis points higher than pre-COVID-19 levels. Interest rates on commercial Ginnie Mae MBS are slightly improved since our last update. Check out today’s rates.

FHA Commercial Loan Rate Update – July 29, 2020

• 35-year fixed FHA perm loans: 2.30%-2.45%
• 40-year fixed FHA construction/perm loans: 3.00%-3.20% 

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!