MBA’s President and CEO Bob Broeksmit, CMB, released a new video providing updates on the House-passed 21st Century ROAD to Housing Act, MBA’s advocacy efforts to improve the legislation and the ongoing work with the CFPB to advance targeted regulatory reforms that support housing affordability and access to mortgage credit.

The 10-year Treasury rate has jumped to 4.5% due to the spike in inflation. With the job market holding steady, the Federal Reserve’s next move is likely to be a rate hike, with MBA’s forecast predicting a first hike in mid-2027. Furthermore, the increase in rates is impacting on financing costs for commercial real estate.

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