Twist Away

The Fed announced in Sept. 21 it will increase holdings of longer-maturity Treasuries, in a move known as Operation Twist, to limit borrowing costs and boost economic growth and jobs creation.

Yields on U.S. benchmark 10-year notes reached a record low of 1.6714 percent on Sept. 23.

Apartment loan rates have moved down and now FHA 223(f) 35 year loans from $2,000,000 and up are under 4% fixed and Small apartment Loans from $750,000 to $5,000,000 are well under 5% fixed for up to ten years. This is due to the "TWIST" action by the FED and the EU currency crisis with Greece on the verge of certain default.

This programs is for owners of a few properties with good credit. Cash out loans up to 75% Purchase and no cash out loans up to 80%.

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