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.
Tag: Interest Rates
MBA’s Broeksmit: Why Mortgage Rates Continue to Rise and What Can Be Done
As mortgage rates reached 23-year highs in MBA’s latest Weekly Applications Survey and application activity fell to a low last seen in 1996, MBA President and CEO Robert Broeksmit, CMB, issued the following statement.
#MBACREF23: Ferguson Sees Mild(er) Recession Ahead
SAN DIEGO–Economist, corporate executive and former Federal Reserve Vice Chairman Roger Ferguson thinks any possible recession this year will likely be short and shallow.