The 10-year US Treasury, currently at 2.38%, has been rising lately. According to the Labor Department, the US economy created 228,000 jobs in November while the unemployment rate held steady at 4.1%. Federal Reserve policymakers have been concerned with the lack of income growth, although the Fed is still expected to raise the central bank’s benchmark interest rate a quarter point next week. With the US equity markets near all-time highs, agency multifamily financing is extremely aggressive and the banks are keeping pace, according to a recent report by Marcus & Millichap.—Lisa Brown