The US 10 Year Treasury opened at a 1.59% which is 4 basis points higher than Friday’s rate.
Congratulations to Hugh Jeffersfor receiving the Roger Wilcox President's Award from the National Association of Housing Cooperative!
Highland Village Apartments is a 219 unit project in Radford, VA.
The US 10 year Treasury was volatile last week fluctuating between 1.56% and 1.70%.
Goldberg B’nai B’Rith Towers is a 302 unit development in Houston, TX.
Inflation continues to cast a long shadow on US Treasury rates as investors increasingly are assuming that inflation is not transitory.
The debate over the debt level increase and a stopgap bill to keep the government open after September 30th have created a volatile investment environment resulting in higher yields.
Global equity markets retreated 1-3% due to concerns with over valuations and Chinese real estate while domestic markets were down 2% due to additional concerns over tapering and the debt ceiling.
The Cascade at Falls Park is a 197 unit project out of Sioux Falls, SD. The 223(f) amounted to $38,020, 500.
Buckhannon Manor is a 142 unit project out of Buckhannon, WV.
Fed Chair Jay Powell announced on Friday that the Fed would begin a reduction of asset purchases starting in late 2021.
