On December 19th, the Federal Reserve raised its benchmark rate a quarter point. Though it was anticipated, the general consensus remains that the Fed was not “dovish” enough. However, Fed Chairman, Jerome Powell, mentioned he would not hesitate to adjust the balance sheet plan if they see problems in the financial markets. U.S. Stocks posted their worst year since the financial crises. Both the S&P and Dow Jones logged their biggest annual loss, down 6.2% and 5.6%, respectively.
Links to this month’s rates:
|CommCap is the largest full-service mortgage banking company in Nevada, with offices in Reno and Las Vegas. We specialize in originating, underwriting, closing and servicing loans in excess of $1MM on all income-producing property types. We represent a wide variety of funding sources including Life Insurance Companies, Investment Banks (CMBS), Bridge Lenders, Agency lenders, and Banks.|
|Agency Update(multifamily, mobile home parks, student housing, senior housing, affordable housing, etc.)||Life Company Update(multifamily, office, retail, self-storage, industrial, etc.)||CMBS Update(multifamily, office, retail, self-storage, industrial, etc.)|