The CMBS delinquency rate moved significantly higher in October as investors continued to ask whether the glass was three quarters empty or one quarter full.
In October, the delinquency rate for U.S. commercial real estate loans in CMBS moved up 21 basis points to 9.77%. The CMBS delinquency rate is now at its second highest level ever. Only the 9.88% reading in July 2011 was higher, according to Trepp LLC.
After experiencing a big dip in the delinquency rate in August, the rate has now increased for two straight months.
Read more...CMBS Delinquencies Hit Second Highest Level, Could Go Higher - CoStar Group
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