commercial real estate

I often say I threw out my crystal ball a long time ago, but I’d say now’s the time to put a commission in your favoriate mortgage broker’s pocket and look at refinancing your house. I managed to catch a 5.375 rate several years ago, and that was close to rock bottom. We haven’t seen it in some time, but we’re just about there, with Bankrate showing the average 30 year fixed conforming mortgage at 5.44 percent. Don’t quibble over a few basis points.

As yields on U.S. Treasury securities wilt—the 10-year bond is at 3.38%!—in response to a continuing flight to quality and liquidity, spreads on commercial mortgage-backed continue to widen and widen and widen .

What does this mean? If you need to finance a commercial property, your cheapest loans may now be from a bank!