Why don’t we post rates

Someone recently asked in our Ask a Question section why we don’t post rates on a daily basis. That’s a great question because that’s what most owners want to know. What’s the rate? is the question most often asked by potential borrowers. However, I don’t think you can answer that question without knowing details about the property being financed. Rates are not just related to loan term. Prepayment premium, location, borrower profile and property class and type are all components of what makes up a rate. Without a short conversation about the specific transaction its really impossible to really estimate a current rate.

We do however recognize that as a borrower you need to know if the rate is in the ballpark. That’s why we publish a monthly multifamily rate survey newsletter. In addition the MFLoan Update newsletter has some information on current rates and includes a chart showing historical rates. If you need more information on current rates call a mortgage finance professional or shoot us an e-mail or give us a call.