Now that 2019 has come to an end and we have entered the first part of 2020, Barry Slatt Mortgage would like to give our opinion on market trends for Q1, 2020: Interest rates for long-term fixed-rate loans have decreased substantially since the end of 2018 when the 10 Year Treasury (US10Y) peaked at 3.25%. Interest rates for benchmark 10-year fixed-rate loans currently range between 3.00-4.25%. Markets for the major loan segments (insurance company, bank, agency, CMBS, and Fund) remain…

There seems to be a relationship between President Donald Trump’s messages in regard to the United States and China nearing a trade deal and the US financial markets. Where it appears that the U.S. and China are close to making a trade deal, the stock market moves up and Treasury yields also rise. Treasury yields typically react concurrently with the stock market because many people pull money from conservative bond investments and move their funds into equities when there is…

Barry Slatt Mortgage would like to profile a correspondent lender program. The following outlines one of our bank correspondent lenders. Loan amounts range from $1,000,000 – $50,000,000 (case-by-case for larger) Nationwide lending platform – prefers top markets All property types considered – strong player for multifamily and single-tenant properties Floating rate loans from 2-10 years Fixed-rate loans up to 10-year term and 30-year amortizations Will rate lock up to 12 months in advance of funding Interest-only for low leverage deals…