In Q3 2024, delinquency rates for commercial and multifamily mortgages rose slightly, according to the Mortgage Bankers Association. The survey covered $2.6 trillion in loans, revealing that 96.8% of loans were current or less than 30 days late. Delinquency rates increased for office properties (7.8%) but decreased for lodging (5.6%), retail (3.8%), and industrial (0.6%). CMBS loans had the highest delinquency rates at 4.8%, remaining unchanged. Overall, the commercial mortgage market shows varied performance across different property types.
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