CMBS Delinquency Forecast At 5%+ By End of Year

According to Fitch, CMBS delinquencies are increasing at a rate of $2 Billion per month. July delinquencies stood at 3.04%, the highest since 2001 when they began being tracked by Fitch. At the current clip, the delinquency rate could be at 5% by the end of the year, and into the six’s in 2010.

Some analysts, such as Aaron Bryson at Barclay’s, estimate that delinquencies could top 8% by year’s end.

[via FT]

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