The commercial mortgage-backed securities delinquency rate rose in August, reversing an improvement in the rate in July, according to Trepp.
The rate in August rose to 5.45% from 5.42% in July. That's below the 6.1% rate from August 2014. The rate has fallen 30 basis points this year.
About $1.3 billion of CMBS loans became newly delinquent in August, raising the total to $28.4 billion.
"CMBS delinquencies continue to be range bound and we expect this to continue for the foreseeable future," Manus Clancy, a senior managing director at Trepp, said in a news release.
"The oft-discussed 'wave of maturities' coming due could weigh unfavorably on the rate, but refinancing conditions remain encouraging, which should help keep delinquencies in check," Clancy said.
