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Toll-Free News Service Broadcasts Hourly Updates for Commercial Mortgage Rates


CHICAGO, July 24, 2006 – Before you negotiate a commercial real estate loan with your lender, check where rates are with a free phone call. At any time and any place. One of the nation’s first toll-free, independent mortgage rate watch services (e.g., not advertising specific lender rates) is now available by the Real Estate Capital Institute.

Unlike various mortgage companies which only post their rates, the service provides unbiased and commercial-free research. The service is known at US-RATE-WATCH, translating to the easy-to-remember, toll-free number 877-283-9282.

Upon calling, the newscast announces key Treasury, LIBOR, Bank Prime and permanent mortgage rates. The information is refreshed every hour (or more often) throughout each business day using Dial4News automated broadcasting technology.

US-RATE-WATCH is a powerful reference tool for developers, owners, lenders, appraisers and brokers regularly monitoring the real estate mortgage markets. Real estate professionals need to track ever-changing rates to finalize projects -- even while they’re commuting, driving, at job sites, entering meetings or otherwise unable to access their computers. The Real Estate Capital Institute’s Research Director, Nat Zvislo, notes “Since lenders are in the mortgage market on a full-time basis, borrowers having current rate knowledge often have a negotiating edge.”

The Service’s sponsor, the Real Estate Capital Institute, analyzes real estate capital markets within the United States. The Institute is volunteer-staffed organization with roots dating back to 1983.


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