According to Fitch Ratings’ CMBS delinquency index, the delinquency rate rose by three basis points, to 0.33%, in March, the second monthly increase in a row.Does anyone know what the rate is on residential mortgages? I lost track.
“At this point, there is not cause for alarm,” Susan Merrick, managing director and CMBS group head, said in an interview. Although the delinquency rate is expected to rise to about 1% over the course of this year, Ms. Merrick said it will still be “just a bit above the historic average.”
Monday, April 21, 2008
Monday, April 21, 2008 Posted by Deal Junkie
Unlike the delinquency rate on residential mortgage loans, the CMBS delinquency rate rose by just three basis points, to 0.33% in March. From Financial Week: