By Terry Painter/Mortgage Banker, Author of The Encyclopedia of Commercial Real Estate Advice, member of the Forbes Business Council
As a commercial mortgage banker making commercial loans nationally since 1997, I have worked during every economic cycle. I can remember when rates came down from 7.40% to 6.75% in 1999 and we thought this was amazingly great. Sadly, since March of 2022, all mortgage rates have been soaring at a time when property prices are unrealistically high. We are not technically in a recession right now because it hasn’t been... Read More
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