Posted on 08/24/2005 7:47:32 AM PDT by blessu
According to a recent report from ratings agency Moody's Investors Service Inc., 65% of the U.S. commercial loans that it rated in the second quarter were interest-only for part or all of the loan's term. Such loans require borrowers to pay back only the interest during part or all of the length of the loan term.
Two years ago, interest-only loans made up just 7% of the overall market.
(Excerpt) Read more at online.wsj.com ...
I drive past about 5 HUGE empty buildings off route 495 on my way to the train station every day. When these buildings were full of people working for DEC/Compaq/HP, my house was valued at half what it is today.
Very very odd.
Yes, the Fed has also noted that commercial vacancy rates are pretty high already.
BFLR = Bump for later reading.
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