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Article: Richmond Times-Dispatch, Va., Commercial Mortgages Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 7, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Andrew Little, Richmond Times-Dispatch, Va. Knight Ridder/Tribune Business News
Oct. 7--Like the ants in the kid's song "The Ants Go Marching," commercial mortgage rates are marching down, into the ground, to get out of the storm.
As poor corporate earnings reports and dismal economic news provided no respite from the storm that equity and bond markets are experiencing, the 10-year U.S. Treasury yield continued its three-month long march downward.
Indeed, rates for 5- and 10-year mortgages went lower last month and now are slightly lower than 5 percent for 5-year mortgages and range from 5.50 percent to 5.75 percent for 10-year ...