Wishing all of our partners and associates a Happy New Year. May the Year of the Ox be auspicious for all.
In January, Centennial Mortgage closed two projects - Western Heights Apartments and Our Lady of Guadalupe.
Treasury Secretary Janet Yellen expressed that a stimulus package could lead to full employment in 2022 if it happened quickly and the amount as large.
Hugh Jeffers of Centennial Mortgage is interviewed on the radio program “Everything Co-op” hosted by Vernon Oakes to discuss the renewed interest in developing new housing cooperatives.
The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary of Amy Ahseln. Amy started with CMI in February 2015 as a Project Manager.
The US 10 year treasury opened flat this morning while the equity markets edged up slightly. Varies job related data will be released on Wednesday, Thursday and Friday with expectations of little change and a continued 6.7% unemployment rate.
10 Year US Treasury rates opened lower today as bi-partison opposition to the Biden Administration’s $1.9 Trillion stimulus package has increased, coupled with speculation that the Fed may look to ease future purchases of government securities.
Pressure remains on the US 10 Year Treasury as the new Treasury Secretary Janet Yellen calls for more expansive government action. The result is that the treasury rate is up 3 basis points since Friday.
Happy New Year!
As we embark upon a new year and you consider your affordable Low Income Housing Tax Credit (LIHTC) proposals, this is a great time to also consider your LIHTC debt financing options and Centennial Mortgage.
As we embark upon a new year and you consider your affordable Low Income Housing Tax Credit (LIHTC) proposals, this is a great time to also consider your LIHTC debt financing options and Centennial Mortgage.
With the Senate tied at 50 seats for each party and Vice President elect Kamala Harris having the deciding vote, the Democrats control the White House, Congress and the Senate. This control will make it easier for President elect Joe Biden to enact legislation that fulfills his agenda. The markets assume that increased government spending on a variety of items from infrastructure and increased unemployment benefits, to small business grants will provide a stimulus for the economy that will result in greater economic growth.
Centennial Mortgage is pleased to welcome Julie Ellithorpe to the team as a Project Manager. Julie has served non-profit organizations for over 10 years to develop and preserve affordable housing for elderly, physically and mentally disabled individuals. Providing people with opportunities to better their situation is Julie’s passion.
The year starts with the 10 Year Treasury rates opening at .95% this morning which is within the range of .83% to .98% that the treasury traded in December. It was just announced that EU manufacturing increased at the fastest rate in two and a half years and if the Republicans maintain control of the Senate in the Georgia elections, treasury rate should remain fairly stable as we move into 2021.
