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Daily Real Estate News  |  April 11, 2011  |   Commercial Mortgage Backs Looking Up
The U.S. commercial mortgage-backed securities market closed the 2011 first quarter with some $8.7 billion of new offerings, putting it on par with 2000 and 2002 — when annual volume hit $46.9 billion and $52.1 billion, respectively.

If CMBS can top $40 billion for the calendar year, Commercial Mortgage Alert says that would be nearly quadruple what was offered in 2010; however, it still would represent only a fraction of what was offered in the boom year of 2007.

In another sign of good news, five-year and 10-year commercial mortgage rates are about 0.25 percentage point lower than on Jan. 1.

Source: “Commercial Mortgages: Industry improving but still not back,” Richmond Times-Dispatch (Va.) (04/11/11)

© Copyright 2011 Information Inc.

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