The Bureau of Labor Statistics released February employment numbers, finding total nonfarm payroll rose by 151,000 in February.
Tag: Mike Fratantoni
143,000 Jobs Added in January, Unemployment Rate Edges Down
There were 143,000 jobs added to total nonfarm payroll employment in January, the Bureau of Labor Statistics reported Feb. 7.
MBA CREF Forecast: Commercial/Multifamily Borrowing and Lending Expected to Increase 16% to $583 Billion in 2024
Total commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion in 2025, which is a 16% increase from 2024’s estimated total of $503 billion. This is according to an updated baseline forecast released Feb. 10 by the Mortgage Bankers Association at its 2025 Commercial/Multifamily Finance Convention and Expo.
MBA: 20% of Commercial and Multifamily Mortgage Balances Mature in 2025
Twenty percent ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024, according to the Mortgage Bankers Association’s 2024 Commercial Real Estate Survey of Loan Maturity Volumes, released at the 2025 Commercial/Multifamily Finance Convention and Expo.
Commercial/Multifamily Borrowing Up in the Fourth Quarter of 2024, MBA Reports
Commercial and multifamily mortgage loan originations were 84% higher in the fourth quarter of 2024 compared to a year earlier, and increased 30% from the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, released Feb. 10 at the 2025 Commercial/Multifamily Finance Convention and Expo.
FOMC Holds Rates Steady; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee left interest rates unchanged Jan. 29.
MBA: Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2024
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.
Jobs Grow by More Than 250,000 in December; Industry Economists Weigh In
Total nonfarm payroll employment grew by 256,000 in December, and the unemployment rate was little changed at 4.1%, the U.S. Bureau of Labor Statistics reported.
November Job Growth Exceeds Expectation
November’s job creation bounced back from October and exceeded consensus estimates.
Fed Cuts Interest Rates 25 Basis Points; MBA Economist Weighs In
The Federal Reserve cut interest rates by 25 basis points Nov. 7.