As the attached article, U.S. 10-Year Yields Trade Close to Record Lows on Europe, states Treasury rates continue to drop as demand for treasury increases. However, most borrowers are not getting the full advantage of the treasury drop. CMBS spreads widened dramatically last week and agency spreads have also widened as the treasury drops. It seems [...]
An update on Multi-Family rates as of April 26 2012.
One of the most important issues facing borrowers today is should they refinance their existing loans. Interest rates on new loans are near historic lows, no one wants to miss out on those low rates. However, with Commercial and Multifamily loans, the decision is somewhat complex because most of them have some sort of prepayment [...]
I often get asked by clients why the need to send me so much information just to get a quote on a loan. They want to tell me what they think the property is worth and think I should then be able to give them a firm quote. They tell me other mortgage brokers do [...]
The question I get most asked is how does yield maintenance prepayment penalty work and should I be worried about it. This is especially true for borrowers who had previously borrowed from banks and are now looking at a loan from Freddie Mac or Fannie Mae. My short answer is that this is not something [...]