The 10 Year US Treasury yields opened at 1.69% which is the same as last Monday, March 22, 2021.
Centennial Mortgage is pleased to welcome David Bartlett back to the team as a Senior MAP Underwriter. David received his HUD MAP lender approval while working at Oppenheimer Financial in 2013.
Bond yields settled in as Federal Reserve Chairman Powell commented this weekend that the Fed would do whatever was necessary to support the economy “as long as it takes.”
Autumn Park – Washington is a 48 unit project out of Shenandoah, IA. The 223(f) amounted to $1,880,000. The loan was closed on 3/18/2021 by Mike McCullough.
The third round of stimulus was approved last week and the markets quickly reacted with an increase in the 10 years treasury yield.
Centennial Mortgage is looking forward to positive trends for affordable housing with the recent confirmation of Marcia Fudge as the new Secretary of the Department of Housing and Development and based on the appointment of Ethan Handelman as the Deputy Assistant Secretary for Multifamily Housing.
Treasury yields continue to inch upward as the Fed continues to issue billions of dollars in bonds in response to the COVID-19 pandemic.
Having had the honor of working with the Upper Shore Aging Housing Corporation (USAHC) on the preservation financing of 5 of their other 202 elderly housing projects, CMI was happy to assist the Executive Director Norman Davidson and the consultant Gates Kellet Dunaway on Perry Villa.
Massive stimulus, huge deficits and high levels of bond issuance needed to keep the US solvent is why the 10 year treasury rate continues to tend up.
The temporary halt in residential evictions originally issued by CDC has been extended through March 31, 2021.
The US 10 Year Treasury rate increased to 1.27% today which passed pre-pandemic rates. The drivers are a fear of increased inflation, increasing supply by the Fed and an optimism over the passing of a massive stimulus package.
There are many accounts of the origins of Valentine’s Day that can be found through various sources.
