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Farmland Mortgage Refinance Interest Rates
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sand85
Posted 3/30/2020 23:10 (#8152847 - in reply to #8152829)
Subject: RE: Farmland Mortgage Refinance Interest Rates


C IL
Smoke is clearing.

Local secondary mortgage rates are back within 1/8 of a point vs March 9, with the T bill weakness Friday and overnight I am assuming they will drop again tomorrow morning when posted.

10-year T Bill was down to 0.4% March 9, back up above 1%, now back down to 0.7% after hanging around 0.8% for a week. If your rate is based on a single-day index, March 9 still looks exceptional.

If your rate is based on cost of actual funds, Farm Credit Bank shows 5-year money was as low as 0.9% the week of March 9 and is back down to 0.95%. Will see which way the trend goes tomorrow.
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