Commercial/multifamily mortgage debt outstanding at the end of 2020 rose by $212 billion (5.8 percent) from the previous year, the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report said.
Mortgage interest rates continued their slow but steady rise—reaching a nine-month high—putting a damper on refinance applications, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending March 12.
Despite high buyer traffic and strong demand, builder sentiment fell in March as rising lumber and other material prices pushed builder confidence lower, the National Association of Home Builders reported yesterday.
CoreLogic, Irvine, Calif., said single-family rent growth reached 3.8 percent year-over-year in January, up from a 2.9 percent annual increase a year ago.
U.S. consumers continue to be negatively impacted one year since the onset of COVID-19, although TransUnion, Chicago, reported positive signs in its latest Consumer Pulse study.