Rates As Of December 5, 2022
Amid the 2022 holiday season; inflation, stock market volatility, rising interest rates, and global conflicts continue to bring uncertainty to CRE financing and investing. Investors and economists are awaiting the November CPI report, to be released December 13th, for inflation numbers and the Feds impending response. Peaking at 4.25% at the end of October, the 10-year Treasury yield topped 4.20% for the first time since 2008. It has since fallen 60+ basis points to as low as 3.50% in the last few weeks. With the current prime rate at 7.00%, the bond market continues to digest the rate hikes and Fed comments delivering choppy movement as it gradually rises as well.
As yields fluctuate, "current rates" quickly become obsolete. However, spreads remain applicable and fitting to deal characteristics. The experts at CommCap are here to help you understand goals and navigate the current market – early rate-locks, cash out refinancing, and more.
As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.