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In today’s competitive lending landscape, community and regional banks face pressure to deliver flexible, fixed-rate financing while managing interest rate exposure. Borrower swaps, financial instruments that allow banks to meet this demand, are gaining relevance. For institutions aiming to...

Banks use back-to-back swaps to meet borrower demand for long-term fixed-rate loans. With back-to-back swaps, the bank enters a floating-rate loan and a fixed-rate swap with the borrower and then a second, offsetting swap with a dealer counterparty.

One way to compete and meet customer demand for long-term fixed rate financing without carrying the interest rate risk is by hedging individual fixed rate loans. This is a great strategy for loans greater than $2M in size and longer than five years because they are more challenging to manage from an interest rate risk perspective.

Learn why interest rate swaps are beneficial for both financial institutions and their commercial borrowers.

The purpose of this report is to present changes in lending markets across key property types for use in marking debt to market for financial reporting. The Chatham fixed- and floating-rate indices for each property type represent how coupon rates and spreads have changed. For the fourth quarter...

Recent data shows a mixed but evolving picture. The labor market is softening, the trade deficit is narrowing, and inflation remains modest. Markets are pricing slower growth, not recession. The S&P 500 rose 1.6% last week and is up 1.8% YTD. The 10-year Treasury ended at 4.18%.

Credit spreads shown are averages based on market rate conclusions for independent debt valuations conducted as of December 31, 2025. The market spread for an individual loan may vary based on property and loan characteristics, including, but not limited to, location, tenant profile, cash flow,...

The persistence of inflation has prompted a fundamental question regarding the cornerstone of modern monetary policy: Is the 2% inflation target still realistic, or should central banks adjust it to a higher range to reflect a new environment? While the idea of a "bit of realism" appeals to some,...