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Home Builders Turn To Rental Apartments
Posted to: Around The Web
Friday, January 25, 2013 5:48 AM

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As the old adage goes, if you can't beat 'em, join 'em. Precisely what some of the nation's home builders are doing. Faced with heavy competition from a hot rental market, they are turning some of their resources to building multi-family, rental apartment buildings.

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Mortgage Rates:
  • 30 Yr FRM 4.02%
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  • 15 Yr FRM 3.24%
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  • Jumbo 30 Year Fixed 4.20%
MBS Prices:
  • 30YR FNMA 4.5 106-27 (0-00)
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  • 30YR FNMA 5.0 108-11 (0-03)
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  • 30YR FNMA 5.5 108-31 (0-04)
Recent Housing Data:
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  • Refinance Index -12.30%
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  • NAHB Builder Confidence 4.76%
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