What does it all mean for the multifamily sector?
With the weekend's news that the Federal Housing Finance Agency is assuming the power of the Board and management of Fannie Mae and Freddie Mac, Global stock markets soared. But in the long run, is this really a good thing for the country's housing market? And more specifically, what does it mean for the multifamily market?
Along with some other real estate professionals, I gave my two sense to GlobeSt.com today about the news. In my opinion, we should see more competitive rates in multifamily as a result. Spreads in the multifamily sector have widened significantly over the past year. Spreads for conduit loans have gone as high as the mid 6% to 7% range. Now, I think they will start to compress. Mark Zandi, chief economist and co-founder of Moody's Economy.com, seemed to agree with this thinking. Check out what others had to say here.
Along with some other real estate professionals, I gave my two sense to GlobeSt.com today about the news. In my opinion, we should see more competitive rates in multifamily as a result. Spreads in the multifamily sector have widened significantly over the past year. Spreads for conduit loans have gone as high as the mid 6% to 7% range. Now, I think they will start to compress. Mark Zandi, chief economist and co-founder of Moody's Economy.com, seemed to agree with this thinking. Check out what others had to say here.
posted by Allan Domb at
5:37 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home