|
Record
Low Rates Continue
Effective rates for 20-year 504 loans hit an all-time
low this month, marking the fifth record-setting drop in the past 12 months. At
5.51%, 504 rates have never been lower. In fact, the 20-year rate one year
ago was 7.24%.
|
June
|
July
|
Aug.
|
Sept.
|
Oct.
|
Nov.
|
Dec.
|
Jan.
|
Feb.
|
March
|
April
|
May
|
June
|
|
7.24
|
7.1
|
6.75
|
6.33
|
6.19
|
6.52
|
6.54
|
6.34
|
6.28
|
5.94
|
6.23
|
6.08
|
5.51
|
Information
on how the 504 funding rate is determined is posted on our Web site. Link to
"Determining the 504 Funding Rate"
|