In the past month, the Trepp CMBS delinquency rate has been hovering within a narrow band. For the last three months, the delinquency rate has shifted back and forth only slightly higher and lower. During this process, the rate has not gone over 9.60% or below 9.50%.

Trepp said that in the last 12 months, the rate has stayed within a range of just over 50 basis points. In this stretch, the highest level was 9.88% in July 2011 while the lowest was 9.37% in June 2011.

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