Commercial Mortgage Rates Stay Low

By: Andrew Little: REALTOR® Magazine Online
Commercial mortgage rates continue to be very low, although they have bumped up from July due to a small increase in the 10-year U.S. Treasury yield, according to the latest Barron's/John B. Levy & Co. National Mortgage Survey.

Rates for five- and 10-year mortgages now range between 5.25 percent and 5.50 percent.

Looking at individual property types, hotels are performing better in recent months than they have in the past four years. Multifamily loans, by contrast, are rated as the worst performers out of the four main property types, with June 2005 multifamily CMBS delinquencies finishing at 1.75 percent.