It’s been more than a year-and-a-half since the late payment rate on securitized commercial real estate loans was as high as it was last month.

The rate of 30-day delinquency on loans that are contained in commercial mortgage-backed securities closed out March 2017 at 5.37 percent.

That turned out to be 6 basis points worse than the prior month, the second month in a row that the rate rose and the highest rate since August 2015’s 5.45 percent.

Source: Mortgage Daily