Last week, the Federal Reserve decided to raise the funds rate. In a unanimous vote, the central bank’s Federal Open Market Committee (FOMC) chose to move forward with raising mortgage interest rates, according to National Mortgage Professional. “In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target […]
Category: Commercial Interest Rates
The Fed’s Decision and Why Interest Rates Rise
The United States Federal Reserve voted not to raise short-term interest rates at their September meeting, according to a press release issued last week. While the labor market has continued to strengthen and the economic outlook has continued to improve, inflation has continued to run below the 2% benchmark set by the Federal Open Market […]
Commercial Real Estate Outlook is Promising, Says Industry Organization
Activity in the commercial real estate industry is expected to rise thanks to an improving labor market and continued demand for multifamily housing, according to the National Association of Realtors’ Commercial Real Estate Outlook. Among highlights in the report is the fact that commercial real estate in small cap markets has maintained upward momentum in […]
Fed Chair Signals Possible Interest Rate Increase
The Fed is moving toward raising interest rates, according to Federal Reserve Chair Janet Yellen. In a speech given Friday to a conference of central bankers in Jackson Hole, Wyoming, Yellen touted a solid job market and an improved outlook for the U.S. economy, but stopped short of outlining a timetable for a possible rate […]
Lower Starting Interest Rate for Commercial Mortgages
A small-balance commercial mortgage lender is only as successful as the brokers with which it works. Providing our brokers with a variety of commercial mortgage products and excellent service is a top priority at APEX Mortgage, which is why we’ve decided to lower our starting rate to 7.5% for qualifying borrowers. A lower starting rate […]