MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased $47.7 Billion in Third Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $47.7 billion (1%) in the third quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
FOMC Cuts Interest Rates; MBA Economist Weighs In
The Federal Reserve's Federal Open Market Committee cut interest rates by 25 basis points Wednesday in its third consecutive reduction. The market had anticipated the change.
Housing Starts Fall in November
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,289,000, 1.8% below the revised October estimate, the Census Bureau and HUD announced Wednesday.
