Treasury Secretary, Janet Yellen, this weekend stated that a moderate rise in interest rates is beneficial to both the Fed and society in general.
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.
The Housing Authority of Chelan County and the City of Wenatchee (CCWHA) had a clear goal: preserve and improve the subsidized housing in a prime location on the Wenatchee River in the beautiful Cascade mountain town of Leavenworth, WA where the affordable housing crisis is significant.
The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary of Julia Arnett.
The US 10 Year Treasury started the week relatively unchanged as investors continue to focus on inflation.
Boulder Pointe is a 52 unit project out of Sioux Falls, SD. The 223(f) amounted to $4,250,000. The loan was closed by Michael McCullough.
Bancroft Place is a 52 unit project out of Sioux Falls, SD. The 223(f) amounted to $3,455,000. The loan was closed by Michael McCullough on 5/19/2021.
Winchester Court I & II is an elderly housing complex located in an Opportunity Zone census tract which reduced the HUD application fee of this multi-million dollar loan.
Treasury Rates continue to rise as inflation on commodities creeps up while the Investment community is concerned that the Fed has no answer.
New job creation was lower than expected in April according to data released last Friday. This news caused an immediate drop in 10 year treasury yields.
Centennial Mortgage Inc. is pleased to welcome Debra Gray to the team as Construction Manager.
