Tuesday, November 25, 2008

CMBX Spreads

CMBX spreads have softened slightly on the back of the Federal Reserve's decision to purchase $600 billion of asset backed securities from Fannie and Freddie which essentially gives the two GSE's a little bit of breathing room.


Conforming 30-year fixed mortgage rates responded immediately by dropping almost 50bps. CMBX rates have also declined slightly across the board.


But perhaps the move was largest on the REIT side, where ultra short real-estate ETFs such as SRS collapsed from a high of $295 to $131 a whopping 55% move in just 3 days.

For those that think the worst is over, as I always say increases in amplitude and frequency usually indicate imminent system failure. CMBX spreads are still at all-time highs, the economy is faltering, and builder are still building...
>>>>>>>>>>>>>>>>>>>>

Here's a great commercial real estate search for the Southern California area.

This site focuses on Industrial Warehouse properties, mostly on the smaller side (less than 15,000 sqft). It has a unique user interface and pictures that are much better than typically seen on the MLS.

Warehouses / Industrial Properties for Lease in Torrance California

Warehouses / Industrial Properties for Lease in Burbank California

Warehouses / Industrial Properties for Sale in Rancho Cucamonga

-GH
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