Categories Interest Rates
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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.
Categories Interest Rates
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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.
Categories Interest Rates
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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%.
Categories Centennial Mortgage, CMI Team
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The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Bill Arnold.
Autumn Park-Chariton is a 58 unit project out of Chariton, IA. The 223(f) amounted to $1,900,000. The loan was closed by Mike McCullough.
Categories Centennial Mortgage
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The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Connor Danigelis.
Categories Interest Rates
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The Fed meeting last week resulted in a rather hawkish statement about holding off tapering until 2022 and keeping interest rates steady until 2023.
Categories Interest Rates
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Treasury Secretary, Janet Yellen, this weekend stated that a moderate rise in interest rates is beneficial to both the Fed and society in general.
Categories Interest Rates
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The US 10 Year Treasury opened slightly higher this week at 1.63%. After a disappointing April report, the market will be watching the jobs report for May which will be released on Thursday.
North Liberty Living Center is a 80 unit project out of North Liberty, IA. The 223(f) amounted to $2,009,500. The loan was closed by Terrance Watkins.