Freddie Reports Surge in Multifamily Serious Delinquencies

This is no surprise, but still a very large monthly increase in the delinquency rate. The multifamily rate increased recently as rent growth has slowed (and rents are falling in some areas), vacancy rates have increased, and borrowing rates have increased sharply.

Freddie Mac reports that the multi-family serious delinquency rate increased sharply in J…