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MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased by $37 Billion in Third Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $37.1 billion (0.8%) in the third quarter of 2023, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
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FOMC Holds Rates Steady
The Federal Open Market Committee held interest rates steady yesterday--as many forecasters had predicted.
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Zillow: Monthly Mortgage Costs on Typical Purchase Down 1.5% in November
Zillow, Seattle, found in its latest market report that the monthly mortgage costs on a typical home purchase fell 1.5% from October to November--down from an October peak with costs up 9% annually and 120% over pre-pandemic rates.