Breakthrough Commercial Mortgage Rates Transform Your Investments
Current Trends in Commercial Mortgage Rates
In 2023, the commercial real estate market has seen a notable decline in mortgage rates, driven by increased competition among lenders and favorable economic conditions. According to a report by the Mortgage Bankers Association, the average commercial mortgage rate has dropped by approximately 0.5% over the past year1. This reduction opens doors for investors to refinance existing loans at lower rates or secure new financing with more favorable terms.