Delinquency on loans included in commercial mortgage-backed securities continued to deteriorate, though conditions could soon begin to improve.

Securitized commercial real estate loans that were at least 30 days past due accounted for 3.19 percent of all CMBS loans outstanding as of June 30.

Last month’s level of delinquency worked out to the highest rate since December 2015, when the 30-day rate was previously reported at 3.43 percent.

Source: Mortgage Daily