Soros Fund Management Chief Executive Officer Dawn Fitzpatrick claimed at the Bloomberg Invest conference that contractions are coming due to a cutback on commercial real estate loans; an area that regional banks have become increasingly involved in. The growing working-from-home trend has reduced the demand for commercial properties, while interest rates have made properties less valuable.

“US banks have become much more vulnerable to a decline in commercial real estate prices,” Torsten Slok, chief economist at Apollo Global Management Inc., told clients in an email this week.

While the Federal Deposit Insurance Corp has not officially commented on the commercial property threat facing the banking sector, the FDIC’s chairman Martin Gruenberg commented last month that the potential issues concerning property portfolios require “ongoing supervisory attention.”

The post Recovering Banking Sector Faced With Mounting Real Estate Pressures appeared first on theprimarymarket.com.

To get into the cold hard number, the average rate for a loan worth £10,000 ($11,917) is 4.11%, a rate that we haven’t seen since way back in August of 2016.

David Hendry, who works as CMO for Freedom Finance, had this to say about the whopping changes: “The latest consumer credit data paints a gloomy picture with the cost of borrowing continuing to increase as inflation spikes and the Bank continues to hike interest rates.”

He went on to add that if these rates continue to rise in the near future, borrowers may have the opportunity to lock in rates for consumer credit products. But this would only be in specific circumstances.

Another interest uptick in numbers were in the realm of average credit card rates, which soared up to 21.43%. This is the highest credit rates have been since 1998, further symbolizing the rapidly changing market. In any case, finance experts are on the scene, ready to advise at every step of the way.

The post Loan Costs Highest They’ve Been in 6 Years appeared first on theprimarymarket.com.

Soros Fund Management Chief Executive Officer Dawn Fitzpatrick claimed at the Bloomberg Invest conference that contractions are coming due to a cutback on commercial real estate loans; an area that regional banks have become increasingly involved in. The growing working-from-home trend has reduced the demand for commercial properties, while interest rates have made properties less valuable.

“US banks have become much more vulnerable to a decline in commercial real estate prices,” Torsten Slok, chief economist at Apollo Global Management Inc., told clients in an email this week.

While the Federal Deposit Insurance Corp has not officially commented on the commercial property threat facing the banking sector, the FDIC’s chairman Martin Gruenberg commented last month that the potential issues concerning property portfolios require “ongoing supervisory attention.”

The post Recovering Banking Sector Faced With Mounting Real Estate Pressures appeared first on theprimarymarket.com.

To get into the cold hard number, the average rate for a loan worth £10,000 ($11,917) is 4.11%, a rate that we haven’t seen since way back in August of 2016.

David Hendry, who works as CMO for Freedom Finance, had this to say about the whopping changes: “The latest consumer credit data paints a gloomy picture with the cost of borrowing continuing to increase as inflation spikes and the Bank continues to hike interest rates.”

He went on to add that if these rates continue to rise in the near future, borrowers may have the opportunity to lock in rates for consumer credit products. But this would only be in specific circumstances.

Another interest uptick in numbers were in the realm of average credit card rates, which soared up to 21.43%. This is the highest credit rates have been since 1998, further symbolizing the rapidly changing market. In any case, finance experts are on the scene, ready to advise at every step of the way.

The post Loan Costs Highest They’ve Been in 6 Years appeared first on theprimarymarket.com.