Geopolitical tensions sharply impacted US 10 year Treasury yields as we start the week.
Treasuries remain unchanged from the end of last week when robust employment numbers were announced.
The US 10 Year Treasury yields declined since last week based on conflicting lower June construction data and higher July manufacturing employment and pricing.
The Loudon TN Housing Authority was successful in their RAD conversion from public housing to Section 8.
The Sweetwater TN Housing Authority was successful in their RAD conversion from public housing to Section 8.
Englewood East is a 50 unit project out of Salem, OR. The 223(f) amounted to $5,208,000.
The rapid rise in the Covid-19 Delta variant is putting the economic recovery at risk.
Villages of Capital Pointe is a 48 unit project out of Washington Twp., MI. The 223(f) amounted to $6,408,000.
Inflation continues to be the focus on both the consumer (CPI) and producer (PPI) side. June CPI will be released on Tuesday and June PPI data will be released on Wednesday.
Pasadena Interfaith Manor is a 175 unit project out of Pasadena, TX. The 223(a)(7) amounted to $6,083,000. The loan was closed by Joe Spina.
The investment community is still trying to understand the Fed’s intentions as inflation climbs and the unemployment rate goes down to an expected 5.6% from it’s current level of 5.8%.
The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Bill Arnold.
