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Thursday, April 30, 2009

Rates Moving up

Treasury rates went up another 12 basis points today to 3.12% we where at about 2% in early 2009.

Update - 5-31-09, treasury rates hit new high of 3.74% before retreating back to 3.50% range as May 2009 comes to an end. FHA refinance rates near 5.25% plus MIP last week. Fannie Mae Freddie Mac rates in 5.50 % +- .
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KENDALL

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Origin: (Locality). Derived from the town of Kendal, in Westmoreland, England, and was so called from the river Ken, on which it is situated, and dale; the dale on the river Ken.

About Us:

Our knowledgeable team has worked in the mortgage banking/investment banking industry for the past 24 years specializing in healthcare lending, multifamily housing, FHA and FNMA insured loans. Throughout our careers, we have originated and/or underwritten in excess of $745,000,000 in mortgage loans with a focus on acute care hospitals, assisted living facilities, senior housing, and skilled nursing facilities. Previously our team has worked for several NY-based investment banking/mortgage banking firm specializing in conventional and government-assisted loans. Chuck has been president of a FHA mortgage company and a developer. Scott was the VP of Origination for several FHA and FNMA lenders. He has extensive experience working on affordable housing as the Midwest Loan Officer for FNMA Multifamily Affordable Housing Products. We understand that the integrity of the loan officer for the loan quote and rate pricing can make a huge difference for FHA clients.

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