ORLANDO, FL-If you look over time at the 10-year treasury note rate, and the real estate sales and real estate mortgage activity values, you will find that there is a very strong correlation. So says Hugh Frater, CEO of Berkadia, who spoke today on a panel at the Mortgage Bankers Association CREF conference here in Orlando.
Paige Steers, an SVP at Jones Lang LaSalle, interviewed Frater and provided GlobeSt.com with an exclusive interview where the CEO talked about a modest taper and what that will mean for CRE.
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