Market Update Blog

March 9, 2016

Two key Federal Reserve officials said Monday they expect inflation to get closer to the central bank’s target. In separate prepared remarks in Washington, neither Fed Vice Chairman Stanley Fischer nor Gov. Lael Brainard made direct reference to next week’s…

March 2, 2016

The commercial real estate lending landscape is a moving target, effected by market developments, current events, and boardroom decisions. Different lenders have different goals, as well as disparate reactions to economic news, which can have a major effect on a…

2015 was a record breaking year for agency lenders Fannie Mae and Freddie Mac multifamily loan programs. Combined, the two institutions purchased an astonishing $89.6 billion of apartment loans. The improving economy and increased investment demand in the multifamily sector…

February 24, 2016

The volatility of commercial MBS spreads has prompted conduit programs to significantly scale back lending over the past few weeks. Lenders have widened their loan spreads and become highly selective. In some cases, shops are advertising unrealistic spreads in order…

There’s been much discussion in the financial world around the possibility of an extended period of low interest rates. In other words, there is a “new normal” equilibrium interest rate. The Congressional Budget Office appears to agree with this view….