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.
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.