Falling interest rates from the COVID-19 fallout mean many Multifamily owners are refinancing and acquiring fixed-rate debt. Mortgage rates have dropped below 3%, for example, their lowest level in nearly 50 years

In addition, the housing shortage in many cities, like San Francisco, will keep demand high despite the economic ramifications of the Coronavirus

URL: https://www.bisnow.com/south-florida/news/capital-markets/coronavirus-mortgage-rates-103355