Apartment Loan Rates move down after first FED interest rate hike

Kendall Realty Advisors FHA 223f FNMA DUS Loan

Apartment Loan rates rise quickly up about 25 basis points from last month

Kendall Realty Advisors

good News for owners and buyers A Major Lift for Fannie and Freddie and apartment interest rates fall sharply

Apartment loan Interest rates fall sharply this week
and the FHFA leader tries to calm housing and multifamily markets A Major Lift for Fannie and Freddie “Our overriding objective is to ensure that there is broad liquidity in the housing finance market and to do so in a way that is safe and sound,” Melvin L. Watt, the new head of the Federal Housing Finance Agency, said in a speech at the Brookings Institution in Washington.

Commercial Loan Wizard

Chicago-area commercial properties jumped in the first quarter to their highest level since 2008, fueled by rebounding rents and occupancies and a pickup in lending.

Investors plunked down more than $3 billion to acquire 192 apartment properties, retail centers, industrial buildings and hotels in the first quarter, up 59 percent from $1.9 billion in year-earlier period, according to New York-based research firm Real Capital Analytics Inc. It was the best first-quarter showing since the first three months of 2008, at the tail end of the last boom, when investors bought $3.9 billion in commercial real estate here.
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Crystal Balls Proved Reliable for Predicting CRE Market Performance in 2013

Crystal Balls Proved Reliable for Predicting CRE Market Performance in 2013 - CoStar Group

Through the third quarter of this year, investment sales were up 27%,  according to CoStar COMPs data. Industrial investments were up 56% and  office up 27%; however, multifamily investments tapered off this year  and were actually down about 6%.

Predictions - Apartment purchases will pick up early in the year using FNMA loans and lines of credit - FHA 223 will be used primarily for refinances of strong borrowers with good liquidity and non-profit borrowers with good balance sheets due to its long processing time



Then FED taper will bring 50 bases points higher interest rates for ten year loans resulting in sales and refinances slowing in the second half of the year

Lending remains behind pre-recession levels

Total loan balances for all banks in the third quarter were $154.2 billion less than in 2008.

During that time frame, loans at banks with assets of less than $1 billion grew by $28.4 billion, or .7 percent annually, while loan balances for banks with more than $1 billion in assets decreased by $182.8 billion, or .4 percent.

At the same time, total assets for all banks grew by nearly $1.3 trillion, or 1.9 percent.

Much of that asset growth came from securities, or investments, that could pose a problem for banks in the future.
 More and more of those purchased securities are long-term [five years or longer], and they could be problematic as interest rates rise in the future.

new Small balance loans - fix/rehab type loans Chicago Suburbs Scott 847-903-7578 Chuck 773-259-7074

Small balance loans and focus on "story book" type  loans which need to close fast and loans that banks will not fund on  (i.e. broken condos, fix/rehab type loans, etc).
Kendall Contacts
Or the standards for existing apartments FNMA and FHA RATES

Apartment rates move down on good news the Government is open.FNMA and Freddy open since congress not involved :)

Bad news they went on vacation without re-authorizing FHA lending limit silly guys so no new FHA apartment and home loans resulting in slight downward pressure on home values and owner equity 

Hopefully they will return from vacation refreshed and ready to get America back to bidness

Apartment Loan Rates Link