Rates As Of February 1, 2023
The fed signaled a rate increase slowdown by raising prime by just 25 basis points today, a welcome sign after 4 consecutive 75 basis point increases. Before halting rate increases, the fed indicated they need unemployment to rise to slow inflation. The December Labor Department report shows a 5.5% increase in openings, unfortunately not conducive to lowering inflation. The 10-year Treasury currently sits at 3.49%, which has not occurred for an entire week since September of 2022. Compared to last year, transaction volumes continue to slow. Though lenders are eager to issue new quotes, volatility in the overall rate environment is making borrowers weary. To spark interest, institutional lenders created new programs with flexible terms and interest only options.
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.