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Tuesday, February 02 2010 00:00 |
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Treasury Rates Up, Bank Rates Down
Treasury rates rose Monday and Tuesday on news of stronger economic growth. Still the Ten year is below where it was 2 weeks ago when it threatened to march past the 4% resistance level.
Meanwhile 2 of our community bank partners are looking to place more funds. One bank, significantly bettered their rate sheet pricing on a package of properties and Luther Burbank cut their 3 and 5 year rates on Monday. That makes 4 regional and local banks calling us about lower rates in the past 2 weeks.
The Investment Marketing Forum held a Roundtable on Real Estate Finance this morning. The consensus: Due to the massive federal deficits and the large volume of Commercial Real Estate that will need to be financed over the next three years, whether or not there is inflation, supply and demand pressures will cause rates to rise. |