The Federal Reserve cut interest rates twice in two weeks in response to the impacts of the COVID-19 outbreak. First, the Fed cut rates to 1% to 1.25% on March 3, and then, in an emergency meeting, made a second cut to 0% to .25% on March 15. Many in the commercial real estate industry say the move was a necessary response to the economic impacts of the virus outbreak, but that they will have little impact on new acquisition commercial real estate deals.
Read more...Why CRE Isn’t Celebrating the Recent Interest Rate Cuts via GlobeSt
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.