NEW YORK CITY–Trepp's overall CMBS delinquency rate resumed its months-long decline in April after a brief blip in March when it rose slightly. In fact the rate fell sharply for the month hitting its lowest level since March 2016, according to Trepp.

The overall CMBS delinquency rate is now 4.36%, a decrease of 19 basis points from March and 116 basis points lower year over year.

Furthermore Trepp continues to stand by its prediction that the delinquency rate could potentially break the post-crisis low set in February 2016 of 4.15% at some point this year, especially as the rate is only 21 basis points away from its post-crisis low.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.