Lock in your rate now.
The current market dynamics are such that have not been seen in recent history. Cambridge Realty Capital Managing Director and Head of Capital Markets Tony Marino commented, “In my 25 years’ experience with government-insured debt markets, the last year has shown much more volatility. We are now seeing 20 bps swings in a day, which can mean hundreds of thousands in loan proceeds. Recently, we have seen the range of rates swing between 15-90 bps within a month, when in times past that would occur over the course of a year.”
Long-term interest rates have had less extreme movement than short-term rates, but long-term rates have still doubled. However, Marino opined, this is not necessarily a cause for despair. “With this troubling circumstance, new opportunities have been created. There has been a qualitative change in the structure of the market, with the daily, weekly, and monthly swings in these interest rates becoming more extreme.”
Contact Cambridge today to get started on your lending needs with a team that has the flexibility to get your deal done. We're here for you with any program questions, so call us today at 312-357-1601 to discuss your transaction. To read the whole article, visit our blog, or learn more about all of our services.
|