Thursday, October 30, 2008

Terms are tougher, but Multifamily Financing conditions expected to remain stable

Multi-housing news reported in October that financing conditions are not expected to change dramatically as a result of the government takeover of Freddie Mac and Fannie Mae -- at least for now.

Marcia Upton, President of Banker's Mutual reported today that reasonable interest rates ranging from 5.97% to 7% are still available depending on the loan program and things such as loan to value ratio.