Bank of America reduces CMBS forecast

07/2/2013 | Bloomberg

A new forecast from Bank of America predicts that commercial mortgage-backed securities sales will slow in the second half of 2013, dragged down by rising interest rates. CMBS sales will reach $65 billion in 2013, according to the analysts, with $40.6 billion already sold. The new prediction is $10 billion less than the bank's analysts had previously expected.

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