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Freddie Mac’s Multifamily Apartment Investment Market Index trended positive in the second quarter, buoyed by rising net operating incomes and low interest rates.

The index is up 0.7% quarterly and 2.6% annually, while multifamily mortgages rates increased by 5 basis points over the course of the quarter. The uptick is the first quarterly increase since the fourth quarter of 2018, but rates are still down 37 basis points annually.

 

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