Monday, April 21, 2008

CMBS Delinquencies Rose Just 3 bps to 0.33% In March


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:

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.

“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.”
Does anyone know what the rate is on residential mortgages? I lost track.

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