Fed slashes interest rates, multi family investors scramble to refinance their properties thinking it's now or never. Freddie and Fannie still have to compete with market rates, and well, since institutions are concerned, the spread continues to increase!
Rates are going through insane volatility right now and investors are left with a hard question to answer, do we lock in now because this will get worst? Or will this storm pass over us quickly.
What are BP people thoughts on near future lending
Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
6y
@Yoni Benimetzky I have been in the middle of this roller coaster ride on a refinance here in Berwyn. Fannie Mae's rates have literally been jumping from the low 3's up to the mid 4's. Now I hear they could be in the mid 5's. This has all happened in the past two months. We are definitely planning to complete our refinance as long as the interest rate makes sense, but this would be very unattractive for new borrowers as a lot of the other terms that were available a few months ago are long gone now.