Mortgage Banking

Making sense of commercial real estate finance.

Super Cop to the Rescue

Posted by Jordan Crouch on March 31, 2008

Here are a few random thoughts on Monday.

  • Hank Paulson, the Treasury Secretary, proposed a new arrangement for US financial regulation over the weekend. This “super cop” structure will be the largest change in the financial sector since the Great Depression.
  • Spreads on commercial loans are continuing to rise. Most life companies are quoting 300+ basis points on a ten year loan. Five and seven year loans currently have the best interest rates.
  • Lenders are not allowing for lease up risk or pushing loan dollars, meaning lenders are continuing to take only the best loans.  

Rates:  

TODAY  

Last Mth

Last Year

5 Yr T-Bill:     

2.45%

2.47%

4.54%

10 Yr T-Bill:

3.42%

3.51%

4.65%

LIBOR-30 Day 

2.70%

3.11%

5.32%

 

 

 

 

10 Yr T-Bill

Last week’s range:

3.45% – 3.54%

 

 

 

YTD high:  

3.98%

 

 

 

YTD low:

3.28%

 

 

 

 

 

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