"Inflation is coming down, but slowly. Multiple indicators suggest the economy here and abroad will slow significantly in the near term, but the job market continues to appear resilient in the most recent data. With this muddled picture, it is not surprising that the FOMC held rates steady at its June meeting but kept their options open for July and later this year. Nevertheless, we expect that the Fed is at the top of its rate hiking cycle." --MBA Senior Vice President and Chief Economist Mike Fratantoni.

MISMO®, the real estate finance industry's standards organization, is seeking nominations for qualified industry professionals to serve on MISMO’s Commercial Standards Governance Committee for a term ending on December 31, 2024. Nominations will be accepted until 8:00 PM ET on Friday, June 23, 2023.