Delinquency rates for commercial mortgage-backed securities declined steadily in September compared to a month earlier, according to data released Friday by Fitch Ratings.
In total, late payments dropped eight basis points, to 4.77%.
A rise in resolutions also improved the overall delinquency rate, as resolutions outpaced delinquencies by $161 million.
Hotel properties recorded the highest delinquency rates, increasing by three basis points, to 5.91%.
All other property types experienced a decline, led by industrial properties, which fell 31 basis points, to 4.84%. Rates for multifamily properties also dropped by 20 basis points, to 5.32%.
