The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9%) in the first quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.

Mortgage applications increased 0.9% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Applications Survey for the week ending June 14, 2024. 

TransUnion, Chicago, released its Consumer Pulse Study for the second quarter, finding consumer concerns about inflation and interest rates have hit their highest levels in two years. However, more than half of Americans remain optimistic about their household finances over the next year.