Neeta, how much was the required downpayment? If the downpayment is big enough, let’s say 30%, on a conservatively appraised property, then the loan is as near to risk-free as you can get today. That would qualify it for a rate closer to Treasuries than to rates on high-risk loans with less than 30% down. Treasury and other low-risk rates are lower today than 6 months ago.
