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Commercial Mortgage Benchmark Tumbles 52.2%

Saturday, Aug 19 2023
Commercial Lending
Written by  The Mortgage Leader

According to new data from CBRE, commercial mortgage lending has kept losing steam in recent months. So reports GlobeSt.com.

CBREThe CBRE Lending Momentum Index, a measure of the rate of commercial loan closings originated or brokered, was under 200 in the second quarter—down 52.2% from a year before and off 5.4% from the first quarter.

The index, where a value of 100 represents 2005 averages, is near its lowest since 2016.

Read the full article from GlobeSt.com.

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