SAN DIEGO--The Mortgage Bankers Association said total commercial and multifamily mortgage borrowing and lending is expected to fall to $684 billion this year, a 15 percent decline from an expected 2022 total of $804 billion.

SAN DIEGO--The Mortgage Bankers Association said $331.2 billion of the $2.8 trillion (12 percent) of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2023, a 33 percent increase from the $249 billion that matured in 2022.

“The very, very low rates seen in recent years were not the norm; they were a response to an event. Money should not be free. And we are getting back to that, I expect." --TIAA President & CEO and former Federal Reserve Vice Chair Roger Ferguson, speaking at CREF23.

SAN DIEGO--Commercial and multifamily mortgage loan originations were 54 percent lower in the fourth quarter from a year ago and decreased by 23 percent from the third quarter, the Mortgage Bankers Association reported Monday.