The Fed Reserve lowered its benchmark interest rate for the first time since 2008.  President Trump followed with an announcement that he would impose additional tariffs on Chinese goods.  The markets reacted swiftly.  The Dow Jones promptly fell more than 300 points and closed down 1% for today.  The yield on the U.S. 10-Yr fell 20 basis points to 1.85%, closing at its lowest level since November 2016. Concerns over weaker economic growth fueled by the U.S.-China trade war persist.

The latest developments in the markets is a positive for real estate investors who can capitalize on the lowest interest rate levels seen since Q4 2016. 

Today’s improved pricing:

• 35-year fixed FHA insured loans: 3.10%-3.35%
• 40-year fixed FHA construction/perm loans: 3.60%-3.85% 

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.

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