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Credit spreads shown are averages based on market rate conclusions for independent debt valuations conducted as of March 31, 2025. The market spread for an individual loan may vary based on property and loan characteristics, including, but not limited to, location, tenant profile, cash flow, and...

The tariff announcements on April 2 added clarity to U.S. trade policy. However, the tariffs were more severe than anticipated and sent markets reeling. The S&P 500 declined -9.05%, sending it into correction territory. The 10-year Treasury also declined sharply, closing the week at 4.0%, a...

On Wednesday, March 19, 2025, the Federal Open Market Committee (FOMC) voted to hold the fed funds rate at a target range of 4.25%-4.50%. The FOMC also decided to reduce the balance sheet runoff in Treasurys from $25B to $5B, with no change in agency Mortgage-Backed Securities (MBS). Chair Powell...

The Fed dot plot is a visual representation of the projections made by each member of the Federal Reserve regarding the Central Bank's key short-term interest rate.

The Bank of England (BoE) kept rates on hold as expected today, with policy makers voting 8-1 to leave rates at 4.50%. After cutting rates in February, the Bank’s statement repeated that it would take a “gradual and careful approach” toward future rate cuts. However, there was a more cautious...

Last week was another choppy week for markets as data again pointed to a slowing consumer and sticky inflation. U.S. trade policy continues to drive uncertainty, and the announcement of 25% tariffs on imported cars, trucks, and auto parts added to worries. Yields remained largely range-bound as...

Join Jackie Bowie and Mark Weiss as they provide a comprehensive view of the forces shaping the financial markets and global economy. With uncertainty surrounding interest rates, inflation, and geopolitical conflicts, businesses must remain agile in managing risk. Discover market trends, updated...

The purpose of this report is to provide information to real estate investment managers and their auditors on how a debt assumption affects the overall real estate transaction price. The loan assumption market is an important aspect in understanding how to value debt from the borrower's...