|30-day rate up 1 basis point in January
Feb. 28, 2017
|Performance on securitized commercial real estate loans worsened for the second consecutive month, and the outlook is for more deterioration.
As January concluded, delinquency of at least 30 days on loans that are included in commercial mortgage-backed securities was 3.01 percent.
The past-due CMBS rate inched up from 3.00 percent as of year-end 2016. It was the second month in a row that the delinquency rate worsened.
So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...